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Shawn 4mo ago 💬 5

tl;dr We don't know, but mostly, it doesn't. YOLO.

"Most claims of 'success' by international bodies and national authorities are unsupported by relevant empirical evidence. The claims are routinely contradicted by massive scandals in the financial sector."

https://www.journals.uchicago.edu/doi/10.1086/735665

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Shawn 4mo ago

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OpnState 4mo ago 💬 1

So countries are assessed regularly for technical and effectiveness implementation of the anti-money laundering standards.

Yet, the standards themselves are never assessed for effectiveness at preventing or stopping anti-money laundering itself.

So you have standards that are created by a very small group of people because they think it will stop anti-money laundering that are being forced on all countries around the world.

Love the article, Love the Initiative. Unfortunately, it's just going to hit a brick wall when it comes to those making the decisions.

All you have to do is read the President's Working Group report on digital asset services that came out a month ago To see the United States is going full-on anti-money laundering standard compliant.

the right to lawfully hold your own assets in a wallet.... That just means you're only allowed to do it if it's lawful and it's only lawful if it's anti-money laundering compliant.

More anti-money laundering is coming to the United States very shortly.

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Nick Anthony 4mo ago

Amazing. Thank you for flagging!