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How do you validate that they own the bank accounts if you don't know who the user is?
by smachiz 4y ago
How do you validate that they own the bank accounts if you don't know who the user is?
- public_defender 4y agoThey only verify control. They do the method of making two small deposits and asking what they were.
- fragmede 4y agoWhich is why KYC is required. Two small deposits just means you have access to someone's bank account, not that you're actually them. Money launderers will pay mules to use their bank account to move money around.