If you care about financial privacy, then this is probably the most important research you will read all year.

The Dutch Court of Audits has released a paper on the effectiveness of AML measures, and lo-and-behold: it found that there is no evidence that AML actually works.

These laws are what are used to debank law-abiding citizens, throw developers in prison, surveil every transaction you make, and collect your identity in central databases that end up hacked.

Governments have built a complete and total surveillance dragnet around your finances under the guise of AML, and this Dutch Court just said the quiet part out loud:

AML is discriminatory, overly expensive, and we have no proof of it stopping crime.