Money muling on the rise
Seems the crackdown on "know your customer" and subsequently requiring banks to tattle on your every transaction while passing moral judgement was successful. In the sense that now the clients have become prime targets for coercion to provide whitewashing accounts.
I can't help but think that the people pushing the legislation must've been either flabberghastly stupid (and why did they end up in important positions like that, then?) or perhaps wilfully opening up the opportunity for more criminals to be made.
In intelligence it is well known that an adversary spy is a danger in and of itself, but a known adversary spy another thing entirely. You can "catch" him, or you can leave him be for as long as it suits you and make use of his "services". Something like that they could've done in banking, but noooo, they chose the path of maximising the number of criminals in the system. And that in turn means that a lot of gullible people are now getting slapped for believing the tales the money mule recruiting scammers spin. So much for the government protecting the weak.
I think, in all, that the rules here do the average person a disservice and moreover that the financial authorities could have built a system that didn't spread the crime-love around quite as far and wide, but apparently chose not to. Carry on government.