Self Inflicted Damage

Self Inflicted Damage

Economist. In an attempt to ferret out the small money transfers that fund terrorism, an intrusive regulatory tsunami is underway.
For KPMG's Mr Dillon, the resources already spent on the effort have
handed a victory to the terrorists. “The cost to our global economy is
so large, they've already had the effect they wanted,” he says. “The
increasing costs of compliance and technology are a form of terrorism.
We're damaging ourselves.”
  [John Robb's Weblog]

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