{"id":19016,"date":"2025-08-14T22:16:34","date_gmt":"2025-08-14T22:16:34","guid":{"rendered":"https:\/\/lonecandle.com\/?p=19016"},"modified":"2025-08-14T22:16:34","modified_gmt":"2025-08-14T22:16:34","slug":"to-truly-fix-debanking-we-need-structural-reforms","status":"publish","type":"post","link":"https:\/\/lonecandle.com\/?p=19016","title":{"rendered":"To Truly Fix Debanking, We Need Structural Reforms"},"content":{"rendered":"\n<p>&#8220;This no-risk approach is also undermining America&#8217;s ability to combat money laundering and illicit finance. Last year, American financial institutions&nbsp;<a href=\"https:\/\/www.technologyreview.com\/2025\/06\/25\/1119324\/katie-haun-bank-secrecy-act-oped\/\" target=\"_blank\" rel=\"noreferrer noopener\">collected<\/a>&nbsp;about 4.7 million Suspicious Activity Reports and more than 20 million currency transaction reports, the&nbsp;<em>MIT Technology Review<\/em>&nbsp;noted. This imposes considerable costs on the private sector and creates a framework where law enforcement agents are flooded with low-value information, and as a result, cannot focus on the big issues.&#8221;<\/p>\n\n\n\n<p><a href=\"https:\/\/reason.com\/2025\/08\/12\/to-truly-fix-debanking-we-need-structural-reforms\">https:\/\/reason.com\/2025\/08\/12\/to-truly-fix-debanking-we-need-structural-reforms<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;This no-risk approach is also undermining America&#8217;s ability to combat money laundering and illicit finance. Last year, American financial institutions collected about 4.7 million Suspicious Activity Reports and more than 20 million currency transaction reports, the MIT Technology Review noted. This imposes considerable costs on the private sector and creates a framework where law enforcement agents are flooded with low-value information, and as a result, cannot focus on the big issues.&#8221;<\/p>\n<p>https:\/\/reason.com\/2025\/08\/12\/to-truly-fix-debanking-we-need-structural-reforms\/<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[246],"class_list":["post-19016","post","type-post","status-publish","format-standard","hentry","category-article-share","tag-banks"],"_links":{"self":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/19016","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19016"}],"version-history":[{"count":1,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/19016\/revisions"}],"predecessor-version":[{"id":19017,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/19016\/revisions\/19017"}],"wp:attachment":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19016"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}