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The screenshotted paragraph on deplatforming, asserting lack of transparency in ultimate service of MasterCard or fear of Patriot Act, is not the case. On the
by Terretta 6y ago
The screenshotted paragraph on deplatforming, asserting lack of transparency in ultimate service of MasterCard or fear of Patriot Act, is not the case.
On the contrary, the lack of transparency largely traces to a sort of “security through obscurity” principle applied to fraud, money laundering, or other regulated/illegal uses of funds.
The idea is that if something inappropriate is happening, the account holder must not be tipped off until investigation is completed, so the account holder’s behavior doesn’t change. Another way to think of it is that telling account holders what’s happening could be interfering or tampering with future evidence.
This is not unique to the financial system, it’s how it works in any situation where investigation is needed of ongoing activity.