> There is also abuse. India is also using AML laws (forced by American led FATF) to crack down political opponents and human rights activists, as per Amnesty
Similar situation here in Brazil. Former president got fined, people started donating money to him to nullify the fine and government started "auditing" those donors. They literally weaponized this AML/KYC bullshit into political persecution.
Of course. That’s an expected outcome if everyone just works within the system according to their incentives.
When it comes to the US, the country literally would not exist if the British had anything close to the modern governments’ abilities to control the money flows.
As in, the revolutionary period Patriot movement would’ve just been AML-ed to death.
Similar situation here in Brazil. Former president got fined, people started donating money to him to nullify the fine and government started "auditing" those donors. They literally weaponized this AML/KYC bullshit into political persecution.