http://digbig.com/4mhce
"Regulations against money laundering have failed to eradicate drug trafficking and organised crime. Anti-money laundering (AML) regulations imposed on banks are costly with limited effects according to a study published by the Swiss Banking Institute. Researchers say that the rules have helped financial institutions safeguard their reputations but have done nothing to eradicate some types of crime. The results showed that implementation of money laundering prevention measures has had little influence on international competition. However, the study's authors reckon that the aim of these measures - preventing drug trafficking and organised crime - has not been achieved despite significant efforts from the financial industry."
