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BANKS GET CAUGHT LAUNDERING TRILLIONS BUT GOVERNMENT STILL SAYS BITCOIN IS THE PROBLEM – THEY LIED!!

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Everything Bitcoin September 21st 2020

> Congress created the current SAR program in 1992 making banks the frontline in the fight against money laundering. But Michael German, a former FBI special agent who is a national security and privacy expert, said that after 9/11, “the SAR program became more about mass surveillance than identifying discrete transactions to disrupt money launderers.”

> Today, he said, “the data is used like the data from other mass surveillance programs. Find someone you want to get for whatever reason then sift through the vast troves of data collected to find anything you can hang them with.”

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