5 ms·

All the anti-money-laundering laws do is make it harder for everyone else except criminals. You're treated like a criminal simply by doing business in cash or

All the anti-money-laundering laws do is make it harder for everyone else except criminals. You're treated like a criminal simply by doing business in cash or having a lot of cash. Enhanced KYC just means that banks capriciously terminate your accounts and services if they find out you're a sex worker. If you're living abroad, no one wants to let you open an account.

gruez 5y ago
>Enhanced KYC just means that banks capriciously terminate your accounts and services if they find out you're a sex worker. are you saying this because of onlyfans? AFAIK that was due to pressure from banks/payment processors themselves (ie. not wanting the PR associated with facilitating human trafficking or whatever), not due to compliance reasons.
- ok123456 5y ago
  No. Chase bank has always done this.
- jdavis703 5y ago
  Not only this. Large cash transactions also raise red flags. There have been American politicians tripped up in sex scandals because of AML laws.
  - rbanffy 5y ago
    Which, I guess, is a good thing. You don't want politicians to have such conflicts of interest. They can have as much sex as they want, they can pay as much as they want (as long as it's their money) for it, but the moment someone has a way to extort or otherwise force a politician to behave in a way that's illegal or against the interests of the people, I'd like that to be exposed.
rbanffy 5y ago
> Enhanced KYC just means that banks capriciously terminate your accounts and services if they find out you're a sex worker. When I say banks need to be better regulated I don't mean they need to have more insane rules, but that they do whatever is possible for them to a) prevent someone from opening an account pretending to be someone else and b) are forbidden to deny service to someone who checks all boxes except their hypocritical morality rules.

5 ms·

All the anti-money-laundering laws do is make it harder for everyone else except criminals. You're treated like a criminal simply by doing business in cash or

by ok123456 5y ago

gruez 5y ago
>Enhanced KYC just means that banks capriciously terminate your accounts and services if they find out you're a sex worker. are you saying this because of onlyfans? AFAIK that was due to pressure from banks/payment processors themselves (ie. not wanting the PR associated with facilitating human trafficking or whatever), not due to compliance reasons.
- ok123456 5y ago
  No. Chase bank has always done this.
- jdavis703 5y ago
  Not only this. Large cash transactions also raise red flags. There have been American politicians tripped up in sex scandals because of AML laws.
  - rbanffy 5y ago
    Which, I guess, is a good thing. You don't want politicians to have such conflicts of interest. They can have as much sex as they want, they can pay as much as they want (as long as it's their money) for it, but the moment someone has a way to extort or otherwise force a politician to behave in a way that's illegal or against the interests of the people, I'd like that to be exposed.
rbanffy 5y ago
> Enhanced KYC just means that banks capriciously terminate your accounts and services if they find out you're a sex worker. When I say banks need to be better regulated I don't mean they need to have more insane rules, but that they do whatever is possible for them to a) prevent someone from opening an account pretending to be someone else and b) are forbidden to deny service to someone who checks all boxes except their hypocritical morality rules.