AML laws too invasive and costly?

March 15, 2010

This  Center for Freedom and Prosperity video, just released in February, describes how many years and how many billions of dollars have been spent on anti-money laundering enforcement without substantially reducing financial crimes.

Kind of like airport security, eh?  The jihadists escape real scrutiny because officials are overwhelmed and busy with the monitoring the vast number of law-abiding citizens that they regard as potential terrorists.

One comment

  1. […] If we fail to acknowledge Islam as the animating force behind terror finance, we’ll get confused and aim at the wrong targets.  For example, we’ve spent billions of dollars complying with extensive bureaucratic requirements such as currency reports that have yielded minimal results. […]

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