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> There's no bill of rights amendment to give you access to a bank account. Interestingly, the EU does take this exact approach, having a directive that mandat
by PeterisP 4y ago
> There's no bill of rights amendment to give you access to a bank account.
Interestingly, the EU does take this exact approach, having a directive that mandates that everyone has the right to a basic bank account and banks can't refuse opening one just because you're a refugee or a convicted fraudster or a homeless unemployed drug addict. Access to financial infrastructure is a key part of participating in modern society and interacting with the state (e.g. receiving any benefits), so it is imperative that everyone, including the most downtrodden, can access it.
- lazide 4y agoBut what if one of them gasp buys something illegal with it!?!? Or funds something terrible? /s That’s the argument here for the KYC/AML laws. No joke.