See this very nice blog-post: https://www.bitsaboutmoney.com/archive/kyc-and-aml...

		rocqua 6 months ago \| parent \| context \| favorite \| on: The treasury is expanding the Patriot Act to attac... See this very nice blog-post: https://www.bitsaboutmoney.com/archive/kyc-and-aml-beyond-th... It explains how KYC and AML law function as a stochastic control on crime. How that is difficult to do through actual laws, and what the downsides of this system are.