Haha nice read
Dear EU commission and other important-sounding institutions which embody the biggest wave of communism and centralization of powers since the fall of the USSR.
To be honest you shouldn't exclude
China (looked like regime will change around the fall of USSR but it was actually revived in 1992)
Launderers on a mission have all the time in the world to find a hole to squeeze through. Meanwhile, legitimate businesses find it harder than ever to do everyday payments; fail to pay their suppliers on time due to AML harassment, fail to meet the expectations of their clients. If they have a
bank account at all.
I think what the EU is missing that some level of gray or black economy can be good in general. If you enforce total control and total oversight in zero-rate EU-economy, you will get some weird socio-economical combination of China and Japan (taking the worst from both).
I'm not promoting that Russian corrupt politicians should launder money through these countries but EU goes to the other extreme, everything controlled, regulated and taxed.
If someone has dubious money but cannot get them into the system, he/she will maybe sit on them, it will not be spent or it will be spent in more accepting jurisdiction.
You are NOT on a moral high ground in the matters of AML. You are the source and the destination of dirty money that could do with some washing. From opinion buying and agenda-setting in individual member states, to setting special rules in favor of the highest bidders, including globalist ideologosts like G.Soros and private big businesses of which there are too many to mention.
I always wondered that the definition of "dirty money" is very funny, in my opinion basically all money is "dirty" to some extent. Similar problems are now happening e.g. in
crypto and
Bitcoin - some addresses are considered dirty and some clean while the original hope was to create digital
cash that is fungible.
And lastly, could you please stop putting your tax competition butthurt in the formal notices AML-related topics. What Luxembourg does with interest deductibility is their internal affair, and the least appropriate place to bring it up is in a "shame letter" on an entirely different topic.
Oh, I understand this is also a bit tasting their own medicine. Luxembourg was one of the founding members of the EU (LU,BE,FR,IT,NL,DE).
What I find worse is that EU tries to pressure other countries as well and bully them - recently Bahamas was mentioned on this forum, Switzerland is another example.