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by jnbiche
4479 days ago
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I agree with you that all the privacy invading things here are a big problem, but why do you blame banks for AML/KYC? I mean, there's plenty of other things to blame banks for, but the ID, photo, etc. requirements are due solely to the policies of our government. Banks have traditionally resisted those rules, because they know people don't like them. |
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Either you go the full route and demand compliance from everyone, or you go the full-opposition route and do everything in your power to really fight the regulation.
The "hybrid" approach chosen by many banks is just criminal.