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by paulgb
1916 days ago
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It will never be possible to completely stem the flow of profits from crime to clean money, or from clean money to terrorist groups. But I think the best metric of how well the efforts are working is to listen to the market and look at how much it costs to launder money. IIRC the book Lying for Money by Dan Davies had the figure as high as 50%, which is a pretty darn high transaction cost; if AML efforts didn’t work nobody would be paying it. |
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