I think it also comes down to the fact most people aren’t going to label the transaction “illegal drugs”. But it does make it easier to track payments and build cases against people (or oppress people depending on the government/police).
I agree, in an investigation with evidence, with authorization from the police force money laundering/financial crimes department and a judge saying that the bank should give the data, it would give more concrete evidence for a case.
I think it also comes down to the fact most people aren’t going to label the transaction “illegal drugs”. But it does make it easier to track payments and build cases against people (or oppress people depending on the government/police).
I agree, in an investigation with evidence, with authorization from the police force money laundering/financial crimes department and a judge saying that the bank should give the data, it would give more concrete evidence for a case.