1/ Anti-money laundering groupthink - hostile to reality, increasingly weaponized against citizens - is the result of not facing the elephant in the room. AML/KYC is profoundly ineffective in its supposed goal, yet systematically ignored, for decades.
🧵 2/ AML has long been described as “a strategy for globalizing an extremely expensive new regulatory order” with derisory impact on its supposed goal, serious crime.

@nayibbukele @apaulloeth 1/ Thx. Few know it. The AML narrative is strong. More coming, and on blog, and pinned. Good question. Complex to answer. Also extends past my core expertise, adjacent areas. Here goes, a rapid traverse skimming the surface…

https://twitter.com/apaulloeth/status/1494127386098548739

2/ I u/stand US deeply concerned at potential loss of USD reserve currency status. Historically, concerns overblown (Euro, CNY etc not amounted to any real threat), but...

1/ This is the first in a new series summarizing research papers at the intersection of anti-money laundering discourse and effectiveness and outcomes science, a surprisingly rare confluence. #AML #KYC
🧵 🇮🇹🇺🇸2/ Context: Before the modern anti-money laundering era, “follow the money” policing was proving increasingly productive, culminating in the “Maxi trial” in the late 1980s, the most significant trial against the Sicilian mafia & reportedly the biggest trial in world history.