Ron Pol details his research revealing that anti-money laundering rules are almost completely ineffective

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May 24 2018

The anti-money laundering industry is based on a series of assumptions, seldom critiqued, let alone tested by practitioners and governments. For example, that money laundering threatens economies, that money laundering controls are effective, that extending anti-money laundering (AML) obligations to new industries will have a big effect, and that a new global ‘effectiveness’ methodology based on specified outcomes is an adequate measure of effectiveness.

The latest study, just published, tests the second and third of those assumptions. A separate study tests the fourth. (Many elements of the first premise have been tested elsewhere in the academic literature).