Dr Ronald Pol, former lawyer and researcher joins me to talk about how and why AML laws are ineffective and simply cost taxpayers, customers an incredible amount. We chat:
The environment of AML laws
FATF and how they create these laws
Breathtaking costs
Effectiveness around 0.1%
KYC benefits some criminals
Links:
EffectiveAML.org
Twitter: @ronaldpol
LinkedIn: https://www.linkedin.com/in/ronpol/
Research paper: Anti-money laundering: The world’s least effective policy experiment
Other relevant episodes:
SLP165 Rafael Yakobi - Should Coinjoin Users Be Flagged? Is Privacy Illegal?
SLP239 Jake Chervinsky - Pushing Back On Fincen Non-Custodial Bitcoin Regulation
SLP196 Is Bitcoin Being Captured (Odell, Gladstein, Yakobi)
Sponsors:
Swan Bitcoin
Hodl Hodl Lend
Compass Mining
Unchained Capital (code LIVERA)
CypherSafe (code LIVERA)
CoinKite.com (code LIVERA)
Stephan Livera links:
Show notes and website
Follow me on Twitter @stephanlivera
Subscribe to the podcast
Patreon @stephanlivera
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Join Stephan as he interviews the sharpest economic and technical minds in Bitcoin & Austrian Economics to help you understand how money is changing and evolving. Leading names in the world of Bitcoin join the show to share their insights, whether they are developers, CEOs, economists, authors, analysts and more.