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| Is the Colombian president speaking truth to power? |
For those of you who remember the introduction of the draconian AML laws and regs in the early part of this century, you will recall that among the reasons given for such radical changes in the practice of AML was the stated target of allowing the Government to remove the proceeds of crime (and therefore the motivation for lots of crime) from the equation.
IMHO, not enough cash and assets are being siezed by the UK's authorities but those changes do allow government to police the compliant.
However, the President of Colombia, thinks that the USA, UK and EU should be doing more in terms of dealing with the global drug trade, including the possible legalisation of drugs:
The Observer: Colombia's president calls for governments around the world, to debate legalising certain drugs – inc. cocaine
Now I might not agree with that approach, but I'm certainly open to hear your views.
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