Remove onerous money laundering regulation

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 is this idea important?

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.