[adolph]

For background on KYC in the banking context @patio11's podcasts and essays are worth consuming:

  Patrick: Yes, so "Know Your Customer" (KYC) and "Anti-Money Laundering" (AML) 
  are mandatory elements of the international compliance regime that have been 
  in place in the United States since the early 1980s. Over time, this regime 
  spread globally, largely fueled by the U.S. leveraging the dollar as a tool 
  of foreign policy—a point where I find myself agreeing with critiques from 
  the crypto community. Their complaints about this are largely accurate. You 
  can see this clearly in the documents as these laws were passed and as 
  supranational bodies increasingly tightened regulations on banking secrecy 
  havens.
  

https://www.complexsystemspodcast.com/episodes/true-crime-ba...

https://www.bitsaboutmoney.com/archive/kyc-and-aml-beyond-th...

[adolph]

Reading this line in Lopp's article: "FCC even asks whether providers should consult lists of terrorists, terrorist organizations, and “criminal persons” maintained by law enforcement entities," brings to mind McKenzie's work describing the outsourced role of NGO's in vetting banking customers.

https://www.bitsaboutmoney.com/archive/nonprofit-indicted-ba...

https://www.complexsystemspodcast.com/episodes/splc-financia...

https://www.complexsystemspodcast.com/episodes/defendant-cen...