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> Did that work?

Our entire AML regime has scant evidence of efficacy [1].

Scrapping KYC and AML and creating a public beneficial-owner database (like the SEC’s EDGAR) for entities doing business in America would frankly be more effective.

[1] https://scholarship.law.nd.edu/cgi/viewcontent.cgi?article=1...

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I like the part where your comment about it not having evidence is right next to the comments about the evidence is yet-to-be-published.

> your comment about it not having evidence is right next to the comments about the evidence is yet-to-be-published

Beneficial ownership information is/was a new component of anti-money laundering. The previous AML had scant evidence of working. BOI was never mandated, so of course we have no evidence either way. But my priors are grim given the framework it emerges from, AML, hasn’t been particularly successful.

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