No. There is no onchain privacy today, it is for everyone to see how much, where from and where to.
That is in spite of AML/KYC.
But it makes AML/KYC a lot more damaging than it had to be.
That would be like saying no problem Signal messages are not encrypted end-to-end, no, the problem is the phone numbers are KYC'd.
Incorrect. The problem would be the messages are not secure.