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Money Reimagined: 'They Starve': The Ugly Side of the US' KYC-AML Obsession

Laws like the Bank Secrecy Act, which turns 50 this week, have helped stop money laundering and terrorism. But KYC and AML requirements have served to harm the world's neediest through higher costs and reduced services.

Автор Michael J. Casey
Оновлено 12 груд. 2022 р., 12:45 пп Опубліковано 23 жовт. 2020 р., 3:31 пп Перекладено AI
Salcaja, Guatemala, is known for its many residents who have emigrated to the United States and sent money home to their families as remittances.
Salcaja, Guatemala, is known for its many residents who have emigrated to the United States and sent money home to their families as remittances.