Daily reminder that financial institutions surveil our every move to *checks notes* confiscate 1.1% of criminal proceeds
https://www.europol.europa.eu/cms/sites/default/files/documents/criminal_asset_recovery_in_the_eu_web_version.pdf
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“We only confiscate 1.1% of criminal proceeds, so let’s collect even more data!”
🤝
What's interesting is that, if you think about it, banks/financial institutions via AML essentially become an extended enforcement arm of the state
that is intended purpose if not done in smaller countries yet
The real criminals are all in the state
Madness.
The argument is also used to justify chat control: monitoring
450 Million people to catch a few thousand offenders