Full article: Anti-money laundering: The world’s least effective policy experiment? Together, we can fix it

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the current anti-money laundering policy prescription helps authorities intercept about $3 billion of an estimated $3 trillion in criminal funds generated annually (0.1 percent success rate), and costs banks and other businesses more than $300 billion in compliance costs, more than a hundred times the amounts recovered from criminals.

From Full article: Anti-money laundering: The world’s least effective policy experiment? Together, we can fix it:

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Full article: Anti-money laundering: The world’s least effective policy experiment? Together, we can fix it

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the current anti-money laundering policy prescription helps authorities intercept about $3 billion of an estimated $3 trillion in criminal funds generated annually (0.1 percent success rate), and costs banks and other businesses more than $300 billion in compliance costs, more than a hundred times the amounts recovered from criminals.

From Full article: Anti-money laundering: The world’s least effective policy experiment? Together, we can fix it:

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Full article: Anti-money laundering: The world’s least effective policy experiment? Together, we can fix it

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A worldwide policy paradigm enforcing complex anti-money laundering laws gives the comfort of activity and feeling of security but does not make us safe from crime. Letting criminal enterprises retain up to 99.95 percent of criminal proceeds, the modern anti-money laundering experiment unwittingly enables, protects and supports terrorists, drug, human, arms and wildlife traffickers, sex and labor exploiters, and corrupt officials, fraudsters and tax evaders on a global scale.

From Full article: Anti-money laundering: The world’s least effective policy experiment? Together, we can fix it:

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Emirates and Etihad among first airlines to trial IATA Travel Pass

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Emirates and Etihad have both announced partnerships with the International Air Transport Association (IATA) to trial the IATA Travel Pass – a mobile app that helps passengers manage their travel and conform with relevant government requirements for COVID-19 testing or vaccine information.

Prior to a full roll out, Emirates will implement phase 1 in Dubai for the validation of COVID-19 PCR tests before departure. In this initial phase, expected to begin in April, Emirates customers travelling from Dubai will be able to share their COVID-19 test status directly with the airline even before reaching the airport through the app, which will then auto-populate the details on the check-in system.

From Emirates and Etihad among first airlines to trial IATA Travel Pass.

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This Site Published Every Face From Parler’s Capitol Riot Videos | WIRED

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Despite its disclaimers and limitations, Faces of the Riot represents the serious privacy dangers of pervasive facial recognition technology, says Evan Greer, the campaign director for digital civil liberties nonprofit Fight for the Future. “Whether it’s used by an individual or by the government, this technology has profound implications for human rights and freedom of expression,”

From This Site Published Every Face From Parler’s Capitol Riot Videos | WIRED:

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Bank of England supplys ONS with UK debit and credit card transaction data

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The Bank of England will for the first time provide the UK’s Office for National Statistic (ONS) with credit and debit card transaction data to better inform policy-makers about how people have been spending their money.

From Bank of England supplys ONS with UK debit and credit card transaction data:

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Walmart’s Marc Lore is leaving e-commerce role to build a city of the future – Vox

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“Imagine a city with the vibrancy, diversity and culture of New York City combined with the efficiency, safety and innovation of Tokyo and the sustainability, governance, and social services of Sweden,” reads the vision statement for the project. “This will be our New City.”

From Walmart’s Marc Lore is leaving e-commerce role to build a city of the future – Vox:

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A Chinese Hacking Group Is Stealing Airline Passenger Details – Slashdot

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A suspected Chinese hacking group has been attacking the airline industry for the past few years with the goal of obtaining passenger data in order to track the movement of persons of interest.

From A Chinese Hacking Group Is Stealing Airline Passenger Details – Slashdot:

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