It's in the best interest of the child.

https://greensboro.com/ex-hostage-jailed-in-child-support-ca...

I'm not sure about Indonesia government but I'm confident if my forefathers made artifacts and it got 'returned' to US gov what would happen is a bunch of rich city dwellers would get to see it in an exhibit somewhere, some director will see a fat salary and meanwhile I have no share or compensation nor practical ability to access the artifact.

Sucks for them, but they can't complain when they were happy to charge the poor and lesser working class through the nose to unload their goods. They can't both have their capitalism and eat it.

We should thank our lucky stars if a robot takes all their job. That's progress.

I think you're missing connecting the dots here. Countries with large USD transaction dependence comply with KYC precisely because otherwise they'd not be able to easily accept your wire transfer. They were pressured into it, this KYC requirement that is largely invisible to you. And the threat is well if they don't they end up like Myanmar which I promise your bank will be getting to know what the purpose and identity of any transaction you have with them is.

KYC dominates because of a worldwide regulatory effort, do this or you'll be cut off and it will be a nightmare to trade USD. Almost all large transactions go through KYC or reporting because it's been made difficult and usually illegal not to. Were this not the case you WOULD likely see lots of large transactions to Myanmar as various rich people use it as a haven for stashing funds anonymously ( although I think Panama etc would quickly steal the competitive edge).

The black list is nominally about weak AML and other factors. It's an example I used because it's a list of places on the shit list in part because they may have weak controls on KYC.

FATF is a big driver if imposing KYC everywhere that wants to interact with a US bank or USD. I'm trying to show you if you actually try to wire somewhere with bad KYC I think you're going to have issues.

Here's an exercise, look at the FATF black list and then start asking your bank about the process for wiring large sums there. A lot of this compliance is driven through FATF actions that drive any country that wants access to anyone touching dollars or us banks to comply.

The law here notes even some CFRs are criminally binding, the CFRs explicitly require certain identification.

The difference is if the bank does KYC and the criminal uses a dark identity, the bank will likely get away with it. If the bank just gives each person a random number as their only identifier like the old swiss accounts, then they'll be warned sanctioned entities are using it and ultimately prosecuted when they fail to KYC (i.e. similar but but identical to CZ).

The point here is that an unwitting actor is somehow guilty if they did not do KYC. By your standard basically every gas station near the border is a money launderer, since they know damn well much of the cash they take and transmit is drug and cartel money.

And that's the genius of this line of reasoning. There is nary a dollar in circulation that hasnt been used in crime.

You could store cash/gold in an anonymous safe deposit, but FBI raid and steal this. You cant fly with large cash because again feds steal it. You can't carry it out the country in large without reporting it.

Crypto, same story, KYC at the exits and P2P offramp actors getting treated as 'unlicensed money transmitter' etc which again triggers KYC.

Quickly you realize it's about shutting off all the exits of privacy, not money laundering which only has increased cost consolidating power to more dangerous organizations.