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KYC and AML regulations. Know your customer and Anti-money laundering. Those two are why banks need to know about you. Cash is harder to track, while well-org
by madamelic 7y ago
KYC and AML regulations.
Know your customer and Anti-money laundering.
Those two are why banks need to know about you. Cash is harder to track, while well-organized digital cash is not.
Any time someone is dealing with money, both of those need to be covered. It is why Stripe is so valuable, they handle PCI, KYC and AML with a fantastic API.