And how did you come to that conclusion? From all the money laundering done by the traditional banks for the cartels once they bribe the right AML personnel?

no, from the lessons that we have collectively learned, from the hundreds of years of history that we've collectively experienced, that have resulted in the banking infrastructure that we have today.

it's flawed and it can be improved, no question, but improvements need to reflect a basic understanding of the lessons learned by past experience, regulations were created for a reason, etc.