The money laundering regulations must have cost the British economy millions and millions of pounds. The administrative burden and cost placed on legitimate companies and the various institutions that have to follow it is very subsantial and yet I am sure that the criminals who want to would get round it easily.
Why does this idea matter?
British companies are overwhelmed with legislative costs and administrative burdens. It makes us uncompetitive in the world markets and so in the long run will ruin our economy and lead to loss of jobs.