KYC/AML is a violation of the 4th Amendment.
KYC/AML is a violation of the 4th Amendment.
The OP claimed that money laundering is not a crime, and that is patently false.
However, maybe he simply meant that the application of the KYC/AML regulations may result in violations of the 4th amendment. In other words people getting their assets seized by the government, without the government demonstrating probable cause.
Upon further reflection, I have to admit that such an outcome cannot be ruled out. The government itself would not seize the assets of the suspect, but the banks subject to the KYC/AML regulations may freeze their accounts when they see red flags. The end result, as seen from the suspect's point of view is the same.
To be honest, I don't feel very comfortable about this. It does feel a bit like the government is indirectly seizing assets without a warrant.
I will leave my comment without any conclusion, because I don't have any to share.
They foresaw that there would be much they could not foresee and gave ample means of updating the constitution. Just now it's been 250 years, it's rife with feature bloat and spaghetti code where small changes have unforeseen consequences, and our legislature is afraid to touch the code despite our many, egregious, surmounting problems.
Someone on here once described our laws as being written in a very advanced programming language, where they are upheld based on intent rather than exact wording.