| > they wouldn't need to launder the money This may be the case if you're looking from a first-world standpoint. There are too many shithole countries with governments so corrupt or tax system so disfunct that any money generated could not be legalized in the eyes of US regulators. Someone who's not me lives and works in one of those countries doing 100% legal and clear business (think software development or furniture manufacturing). This person is forced to acquire money laundering services. Do you have any problem opening a company in Singapore with bank account in Switzerland? For a US citizen this is a matter of days if not hours and with no problem whatsoever. This used to be possible for people of my country, albeit it took weeks. Now it is impossible. Banks all over the world refuse to open accounts for companies whose founders come from my country, no matter how good is the reputation. Opening a US company? Not even on the table. Can someone open a local company and bank account? Sure. But nobody in the world is going to wire money there just because of the same reasons. And even if they did, this someone would have not much less problems legalizing the incoming wire transfer in the eyes of the local banks and would be eventually fucked up by local financial monitoring authority anyway. They want you to be in the dark. At this point you may be imagining some african desert with dust in the wind and eeries silence around with rare beaten up toyota pickup trucks passing by on the lone road. But that's not the case. If you google "<my city> skyline" you would find pictures looking no different than Manhattan. TL;DR: AML/KYC laws not only make criminal transactions hard, they make small business lives outside of the US even harder. These laws deepen the trench of the Global Digital Divide[1]. [1] https://en.wikipedia.org/wiki/Global_digital_divide |