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by beaglessss 629 days ago
I suspect a lot of people would be eager to know the names of these banks that let customers operate without KYC for awhile.
1 comments

> a lot of people would be eager to know the names of these banks that let customers operate without KYC for awhile

Non sequitur. Banks generally have to have KYC to do business, though there are famous exceptions in history. There is no jurisdiction I know of in which as a customer not providing KYC is itself a crime.

The customer isnt charged, it is the bank/entity or persons there. Not legal advice but failure if AML and not collecting identifying information is charged under 31 USC 5322 under indictment I'm reading.

The law here notes even some CFRs are criminally binding, the CFRs explicitly require certain identification.