Support/compliance officers do not need to be American even for American banks as far as I can tel. Based on a cursory glance at some identity verification com

Support/compliance officers do not need to be American even for American banks as far as I can tel. Based on a cursory glance at some identity verification companies I don’t think they’re paying more than $1 per selfie and document verification. Chainalysis is probably where things get expensive (probably high 7 figures a year) + I think the government just recently forced them to buy some new compliance tools as part of a settlement. But yes, the Binance model and allowing countries seen as risky does allow them to get substantially more volume.