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We're so far in to the fraud cycle that public companies are engaging in open fraud and can't even prove that their operations are ethical or compliant. If thi
by nostrebored 4y ago
We're so far in to the fraud cycle that public companies are engaging in open fraud and can't even prove that their operations are ethical or compliant.
If this happened to Stripe, do you think that Stripe couldn't publish information about their AML compliance process and show in a legally-liable way that they're on the up-and-up? Having worked there, I feel very confident that they could, and that they care enough about their customers that they would.
This is really on the precipice of collapse type fraud. When money is easy and fomo is high, these companies get to ride the wave.
- duskwuff 4y ago> If this happened to Stripe, do you think that Stripe couldn't publish information about their AML compliance process TBH, they're limited in what they can talk about. Publicizing details about AML processes (e.g. about specific patterns of behavior that the company associates with fraud) is likely to make them less effective.