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If it's only capturing 1% of the dirty money it's not effective at deterring nor is it an effective part of the prosecution.



That poses the potential problem of circular reasoning. How do we arrive at this estimate of 1%? Maybe it is more than 1% of the actual value because the estimate is wrong.


Consider this scenario: current AML practices catch 1% of laundered money, but deter additional money laundering 100x. In effect, this means nearly all money laundering is stopped because of these practices.

That seems extreme to me, but it does seem possible.




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