Description

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