[MilaM]

Maybe it's because English is not my native language, but I had a very hard time to get the gist of both articles. I'm not even sure I have learned something concrete about KYC/AML. The only take away I have is that it's a deliberately opaque set of rules and that neither the regulator nor the banks have a complete picture of what is actually going on in the financial system. And that it's leaky as hell.

But maybe that is all the author tried to convey to the reader, just in an opaque way :)