Pan Dermatis ☣️
4.6K posts
@PanDermatis
Co-founder and CLO at @Omnesfinance nostr: npub1wnue7raufle4xkwjqy5vdaa6y9efkdu5pxuwwnf9retk24lydkwqjtv9k6
The choice for policymakers is straightforward: keep applying intensive AML rules only to banks while the worst actors launder money through unhosted wallets and the crypto-verse, or extend those obligations to all market players.
BREAKING: 🇮🇷 Iran is accepting bitcoin for transit toll payments — Financial Times
🇪🇺🇳🇱 DUTCH COURT OF AUDITS FINDS "NO UNDERSTANDING" OF EFFECTIVENESS FOR AML APPROACH The Dutch Court of Audits has published a paper on Anti-Money Laundering (AML) in banking, finding that "there is no understanding of the effectiveness of the anti-money laundering approach." The paper states that "it is not clear whether the increasing controls by banks actually contribute to the prevention and detection of money laundering," while highlighting the significant costs imposed on banks. According to the court, AML measures are discriminatory particularly towards people with foreign surnames, stating that the lack of proven effectiveness of the measures "does not establish that this distinction is justified." The court plans to put its research into EU perspective later this year.
