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by phil21
8 days ago
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> Or if you read the fine article you would realise that AML rules generate so much noise that there isn't any analysis. Which is even worse, since the only practical use of that data is now selective enforcement and/or parallel construction. Not to mention the constant hassle such laws have for regular folks trying to transact in cash while barely being a speed bump for those engaging in actual money laundering at scale. > The fact that counting exists at all is a cost that people don't measure. When cash skills were common and regularly utilized, the average cashier could count out most change in about the time a card swipe or dip happened. Tap makes it considerably faster though. Today I agree - the average cash handling skills are effectively nonexistent to the point I comment on it when a cashier understands how to count back change correctly, much less do it from muscle memory. |
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