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KYC & AML are useful things that protect customers and prevent people doing things with money that we as a society have deemed unlawful (e.g. tax evasion, drug
by mlac 5y ago
KYC & AML are useful things that protect customers and prevent people doing things with money that we as a society have deemed unlawful (e.g. tax evasion, drug trafficking, sex trafficking, etc.).
Is giving up the ability to detect those things good?
I wouldn’t use a bank that didn’t care to identify who was withdrawing my money…