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by GTP 402 days ago
I think thst the goal of KYC is to get information about the entity opening an account, to e.g. make sure it isn't used for money laundering. Whether this account gets stolen later is out of scope for KYC.
1 comments
Jommi 401 days ago
right so its useless?
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GTP 401 days ago
No, it's not: you still want to make it as hard as practically possible to criminals to launder money.
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