Written in 2018 and published in 2020:

“It finds that the anti-money laundering policy intervention has less than 0.1 percent impact on criminal finances, compliance costs exceed recovered criminal funds more than a hundred times over, and banks, taxpayers and ordinary citizens are penalized more than criminal enterprises.”

https://www.tandfonline.com/doi/full/10.1080/25741292.2020.1725366