Well look at this case as an individual circumstance:
The US federal government decided 30 years ago that it was going to attempt to prevent some kinds of transactions from being part of the global economic growth. Kinds of transactions that were always here, and always willing to be part of the global economic growth.
It decided to use other people's money to attempt to enforce this blockade, at great expense, for perpetuity.
It does this by creating onerous reporting requirements for companies and individuals worldwide, and onerous and expensive procedures for the individuals that fail to merely file the correct paperwork.
All the while, massive multinational banks have been letting the well funded organizations continue moving their money through them and contributing to the global economic growth, while citizens are being fined and imprisoned for paperwork problems.
And your go-to thought was a satire on anyone suggesting less regulation, implying the same or more regulation would be a BETTER use of public resources?
World economic growth has always been fueled by money whose source you don't agree with. Using everyone's money in a government to merely PRETEND like it can prevent illicit sourced money from being used seems irresponsible and unconscionable, looking at the track record.
Is it really so uncomfortable to admit that multinational "cartels" (organizations of people under a common charter) are pretty good at fueling economic growth globally? Because thats how its always been