If you care about financial privacy, then this is probably the most important research you will read all year. The Dutch Court of Audits has released a paper on the effectiveness of AML measures, and lo-and-behold: it found that there is no evidence that AML actually works. These laws are what are used to debank law-abiding citizens, throw developers in prison, surveil every transaction you make, and collect your identity in central databases that end up hacked. Governments have built a complete and total surveillance dragnet around your finances under the guise of AML, and this Dutch Court just said the quiet part out loud: AML is discriminatory, overly expensive, and we have no proof of it stopping crime.

The Rage
@theragetech
03-30
🇪🇺🇳🇱 DUTCH COURT OF AUDITS FINDS "NO UNDERSTANDING" OF EFFECTIVENESS FOR AML APPROACH The Dutch Court of Audits has published a paper on Anti-Money Laundering (AML) in banking, finding that "there is no understanding of the effectiveness of the anti-money laundering approach."
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