Some Cypherpunks want a cash based, bearer certificate, mathematically unmonitorable financial system revolving around impenetrable pseudonyms. Another way to put this is that Cypherpunks are for privacy, but the FATF is against concealment. Three arguments are often made for the attack on money laundering. Money laundering leads to the corruption of societies and the undermining of institutions and States. This seems to be putting the cart before the horse, somewhat.
Money laundering puts the financial system at risk.
In so far as this is a result of legislation providing for the forfeiture to the State of the proceeds of crime, another solution is clearly available. The War on Drugs has been a failure, because it isn't in anyone in the drug distribution chain's interest to assist authorities. The financial system is organised crime's exposed flank. Don't get me wrong. I'm not saying Statists are bad because drug dealers are good.