Yes but most likely his wife or son wouldn’t show up in World-Check or whatever compliance system they use nowadays. Instead of engaging in this hypothetical we can just look at the million examples where modern day multi millionaire criminals passed KYC, to which the usual suspects will say “well that wasn’t real KYC” or “we have since closed those loopholes” which they have been saying for the past 30 years. This weird experiment of outsourcing crime enforcement to banks does not work and I’m not sure why this massive consensus exists that it does.
Everyone can get banked unless they didn't pay overdraft fees (in Chex Systems in some way). All he needs is one bank and brokerage firm for total access to the domestic and international electronic banking system. There are enough around. All the major ones would take his account. Negative media exposure lol, as if this is publicly broadcasted, but even then, those fees would be enticing.
Do you mean KYC now, or what passed for KYC in the 20s?
Before he got busted by the Feds, he went to baseball games and posed for pictures, and "respectable" people might be seen with him. I don't think he'd ever have been invited to the White House, though.
As someone else here said: no, the "reputational risk" would doom him now.
this is so cute I dont even want to bother explaining it
How are we on a KYC thread, with people that actually do KYC, believing their koolaid
They see the accounts
They know the gaps in the regulatory framework, or should
They should know the pointlessness of this exercise but apparently the idealism (or a couple internal examples I’m unaware of) is convincing still and masquerades as reality
KYC is as strong as the weakest link in all financial institutions and all pooled accounts