1147 sats \ 0 replies \ @purpurato 23 Jun 2023 \ on: Google Launches Anti-Money-Laundering Tool for Banks bitcoin
This is fun because it creates the impression that money laundering is such a hard crime to combat, but now that we have highly advanced technology we'll be able to curb it. Reality is that most of the laundering goes at plain sight and we don't stop it because we don't want to. I live in the largest cocaine producing country and I've never heard a single investigation for money laundering on banks here, although there are billions of USD being laundered yearly. Most of that money goes to tax havens where it's impossible to track, be it with AI or any other tool.