Regulators seek to increase financial surveillance and impose failed AML rules on crypto.

This article appeared in IFC Review.

CF&P publishes a new study titled, “Can the World Stop the Bucking Bronco? The Need to Balance the Expanding Anti-Money Laundering Regimes.”

The United States is trying to dictate policy in other nations.

There’s a need for a rebalancing of the expanding financial enforcement regime.

The failure of anti-money laundering laws, the importance of tax competition, and problems with the Foreign Account Tax Compliance Act.

I’ve periodically written about the overall cost of regulation, and I’ve also highlighted the onerous costs of proposals such as the Dodd-Frank bailout bill. This blurb from the IFC Review may give readers a sense of the regulatory onslaught facing financial institutions. Banks and other financial services firms had to deal with 60 regulatory changes each working […]