Category: Democracies

Undemonstrated Effectiveness and Efficiency I’m not aware of any study establishing the effectiveness of KYC measures in combating money laundering. And it’s not for lack of searching. Conversely, there are numerous studies tending to conclude the opposite. Ronald Pol, a researcher at La Trobe University in Melbourne, synthesized in a…

When they descended into coal mines, miners would take a caged canary with them. The toxic gasses, notably carbon monoxide, that accumulate in these places and pose a deadly risk to miners, would kill the canaries before the miners. This information made them aware of the danger, enabling them to…