If you are OK with child abuse, unfettered corruption, sex and weapons trafficking or scammers stealing your parents savings and generally like to wonder constantly if the next terrorist bomb or cyber attack happens close to you. Then there really is no need for such things as AML/CTF controls. That isn’t saying AML/CTF stops all crime but it’s making it more expensive and less criminal activity happens.
You are not alone with your view, in a sense Meta, Google and AWS as well as most social media platform act like they don’t think they need to have such controls. They just provide the platform.
By that logic AML/CTF controls would need to stop for banks and all others. Processing a payment for murder would become OK. Even though the killing would be a criminal act the payment processor would not have any obligation to support the investigation, they just processed a payment.
You are not alone with your view, in a sense Meta, Google and AWS as well as most social media platform act like they don’t think they need to have such controls. They just provide the platform.
By that logic AML/CTF controls would need to stop for banks and all others. Processing a payment for murder would become OK. Even though the killing would be a criminal act the payment processor would not have any obligation to support the investigation, they just processed a payment.
Is that aligned with your moral view?