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This is the fundamental contradiction at the heart of anti-money laundering compliance, and it's part of the reason I left the field. Part of government wants FIs to shut down accounts / transactions, the other wants to essentially wire tap them. Anyone on the front line of AML work gets stuck in the middle and often has to do the wrong thing as a form of CYA.


Care to expand any of those acronyms?


AML = anti money laundering

CYA = cover your ass


FI = financial institution


SPIPOPD = Smashing Pumpkins Into Piles of Putrid Debris


I didn't spot that one in the original text, but thanks.


Like the CIA and DEA working against each other...


Shut them down, wire tapping is immoral.




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