Justice Department asks Supreme Court to reinstate anti-money laundering law

[DFW]

4. Not expensive, but cumbersome

This is not a subscription renewal to People Magazine.

These are huge files filled with personal information that can be hacked and hijacked along the way. No new dates. Just a repeat of the exact same document we sent them the previous year. It is completely identical to the one sent in years previous. It does absolutely nothing except cause extra work (and paperwork) for our compliance people and theirs. No one is informed of anything they didn't have before. Somewhere in Paris, Brussels, Berlin, etc. are exact duplicates that we sent in previous years to dozens of entities we work with. And this affects hundreds of thousands, probably millions of multi-page documents that the EU governments require of their own registered businesses, large and small. Typical European bureaucracy. Why have one rule when you can have twenty, and if some of them conflict with the others, let the ones affected figure it out. If conflicting rules lead to obligatory fines for non-compliance, so much the better. It's easier to finance their chauffeur-driven limousines and tax-free pensions that way. Make no mistake: the people work for them, and not the other way around.