[woodruffw]

> AML has been completely ineffective; there's absolutely zero evidence to show it's reduced drug usage or terrorism, drug gangs now are richer than ever before.

AML is not itself an anti-drug-trafficking or anti-terrorism law. It’s a law designed to make money laundering more difficult by requiring banks to keep and submit more information on large transactions. Normal American citizens also launder and embezzle money, and AML laws have arguably been pretty effective against the baseline petty financial crime that defined American upper class finance during the previous century.

Besides, the assertion that drug traffickers are “richer than before” needs substantiation and clarification. They can be “richer” than before in terms of cash on hand (particularly outside of USD), but it doesn’t mean all that much if they can’t wash it back into legitimate looking finances. But I don’t even necessarily believe that first half.

Finally, AML is a set of US laws. If you want to claim that the US is an authoritarian government, go ahead; just don’t contort your argument through some abstract Bad Guy. They don’t have access to your bank records.

[Quarrel]

AML / CTF is enacted in the US through US laws (of course).

But, they're a Basel Committee initiative, where legislation is broadly mirrored around countries that have 95% of world GDP:

https://www.bis.org/list/bcbs/tid_199/index.htm

Central banks have come together to either help manage the order of world banking, or to allow evil Rothschild overlords to run the world, depending on which bit of the internet you're looking at.

[woodruffw]

The legislation, sure. But not the infrastructure or data: Turkey can legislate whatever it wants, but they’re never going to see my bank records (except for under some truly extraordinary and unlikely circumstances).