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Yeah because terrorists will definitely not lie when they open a bank account! Also…how would KYC stop a terrorist from abusing your mothers bank account to tr
by leokennis 4y ago
Yeah because terrorists will definitely not lie when they open a bank account!
Also…how would KYC stop a terrorist from abusing your mothers bank account to transfer money?
This is why you need KYC and also transaction screening (and also X, Y and Z).
- mcv 4y agoYes, but transaction screening should rely on information about the accounts involved, and not the descriptions on the payments. Because those mean nothing.