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A comment on Detecting Money Laundering. Parent comment

Re:Detecting Money Laundering by pmarreck on Sunday June 26, 2016 @11:01PM (#11983972)
No, my argument is that they are a waste (literally, they cost more to implement than the money that is recoup'd from "illegal" activities).

Certain laws are truly silly, however. I am allowed to maintain that opinion. I may also be anti-authoritarian in general, and do not believe in the vast majority of consensual crimes.

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Re:Detecting Money Laundering by d4rti on Monday June 27, 2016 @05:11AM (#11984977)
> literally, they cost more to implement than the money that is recoup'd from "illegal" activities

I'd presume there is a deterrent as well as a direct effect on reducing money laundering; I'd expect to see more money laundering if there were no checks.

Quite how it would be measured is another question.

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