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Matters of compliance feel like an afterthought. How would Facebook make this work in jurisdictions requiring photo ID and screening to establish whether a user
by tjpnz 7y ago
Matters of compliance feel like an afterthought. How would Facebook make this work in jurisdictions requiring photo ID and screening to establish whether a user is politically exposed or involved in a criminal enterprise? How would they handle users who failed that in jurisdictions requiring closure of accounts? Surely they didn't think they could ignore that?
- chii 7y agoi m sure they are going to do it uber-airbnb-style: ignore regulation and grow until big enough to force it through.
- tjpnz 7y agoMy understanding is that AirBnB were mainly flouting laws passed by local authorities which in a lot of places tend to be kind of toothless. If Facebook were to employ a similar strategy against laws designed to combat money laundering and terrorism I think the result would be very different. But I wouldn't be all that surprised if they tried.
- davidgerard 7y agoI'm sure this was Facebook's plan, and regulators know this perfectly well ...