Does AML Even Work?

This episode is sponsored by, Chainalysis and FTX US.

Today on “Long Reads Sunday,” NLW reads and discusses David Z. Morris’ “The Perverse Impacts of the Anti-Money-Laundering System.”

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “Razor Red” by Sam Barsh and “The Life We Had” by Moments. Image credit: Abu Hanifah/Getty Images, modified by CoinDesk. Join the discussion at


Crypto Regulations INCOMING! Here's What They Could Look Like

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📺Essential Videos📺

All About The FATF 👉
FATF Crypto Recommendations 👉
BIS DeFi Regulation 👉
Europe Energy Crisis 👉
Blockchain Analytics Companies 👉
Cryptocurrency Decentralization 👉
NFTs And Money Laundering 👉
Thorchain Explained 👉
Fiat Currency Ponzi 👉


⛓️ 🔗 Useful Links 🔗 ⛓️

► FATF Full Report:
► Travel Rule Explained:
► FATF Money Laundering FAQ:
► United Nations Money Laundering:
► Anti Money Laundering Effectiveness Study:
► CoinDesk Slams FATF:


0:00 Intro
1:41 What Is The FATF?
5:50 Summary, Key Findings, Next Steps
8:57 Implementation of FATF Recommendations
11:40 Travel Rule
15:51 Crypto Developments And Risks
18:46 What Does It Mean For Crypto?
20:19 Why The FATF Is A Scam
24:20 Outro


📜 Disclaimer 📜

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#FATF #Crypto #Bitcoin #BTC #regulations