[elliekelly]

> First it wouldn't be very effective, banks are banks, that is their expertise, just because there's a reward doesn't turn bankers into policeman that will detect and act on money laundering.

That’s exactly how the system works though, minus the reward. The AML Officer is personally responsible for implementing policies & procedures that are “reasonably designed” to prevent and detect money laundering. Then the banks report their suspicions to the government. The government is not the first line of defense or even investigation when it comes to money laundering.