herseycokguzelolacak@lemmy.ml to Technology@lemmy.worldEnglish · 6 days agoIf you had any doubts that Know-Your-Customer laws were evil, here is one very good reason: personal data of 1 BILLION people just leaked.cybernews.comexternal-linkmessage-square51linkfedilinkarrow-up1474arrow-down110
arrow-up1464arrow-down1external-linkIf you had any doubts that Know-Your-Customer laws were evil, here is one very good reason: personal data of 1 BILLION people just leaked.cybernews.comherseycokguzelolacak@lemmy.ml to Technology@lemmy.worldEnglish · 6 days agomessage-square51linkfedilink
minus-squareherseycokguzelolacak@lemmy.mlOPlinkfedilinkEnglisharrow-up43arrow-down2·6 days agoKYC does nothing against rich people. Panama Papers came out and nothing happened. Law enforcement does not target rich people.
minus-squareBrilliantantTurd4361@sh.itjust.workslinkfedilinkEnglisharrow-up5·5 days agoYep. KYC is to stop the movement of funds that could be used to undermine the system. A.k.a terrorism.
minus-squareDaMummy@hilariouschaos.comlinkfedilinkEnglisharrow-up3·5 days agoDon’t use that example. Look up consequences of Panama Papers. At least say that nothing happened in USA, land of the corrupt, home of the slaves.
KYC does nothing against rich people. Panama Papers came out and nothing happened. Law enforcement does not target rich people.
Yep. KYC is to stop the movement of funds that could be used to undermine the system. A.k.a terrorism.
Also tax evasion.
Don’t use that example. Look up consequences of Panama Papers. At least say that nothing happened in USA, land of the corrupt, home of the slaves.