Yep, that'd be the solution. The issue comes with the fact that these regulations are based on the "guidelines" set by FATF - which is a political organization

Yep, that'd be the solution. The issue comes with the fact that these regulations are based on the "guidelines" set by FATF - which is a political organization and they make really idiotic decisions. To some extent I believe the larger financial institutions lobby for these regulations in order for them to not have to serve low income customers.