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RE: KYC: What It IS and Why It's Necessary - A Case Study
I disagree about the need for money laundering laws. The premise that government needs to know where money goes is flawed. So is the premise that we need government to prevent fraud. Declaring something "illegal" or citing laws as evidence of "criminality" is nothing more than an irrational appeal to authority. We need an educated populace, not an assumption that Uncle Sam (or international equivalents) will protect us.