| ▲ | rapatel0 an hour ago | |
It's not a fair comparison. Money laundering controls likely have also been implemented since the 19th century in some way shape or form. Therefore, that 2-5% figure also includes the effect of those controls. This might just the natural equilibrium below which the juice is no longer worth the squeeze. Access to information and interconnectedness have also increased exponentially so it might make sense that the costs have increased proportionately. Finally 200B/year would not solve world hunger if nefarious actors grift away most of that money (especially because you wouldn't be able to track them with out some form of KYC) | ||