Thanks to KYC, HSBC is in the news, and the real evidence provided by KYC about their transactions makes light of evidence to actually enforce a fine for allowing the money laundering operations. If it were crypto it just wouldn't ever be found out.
Do you even know that FATF is the main organization that goes around imposing KYC/AML?
And they are a non-governmental body, no oversight - don't answer to anybody.
They are literally Luca Brasi and you don't even know who the Don Corleones behind the curtain are.