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No, the public service is having a banking system. KYC and SAR are part of the costs we ask the banks to pay for getting the almost-literal license to print mo
by snotrockets 3y ago
No, the public service is having a banking system.
KYC and SAR are part of the costs we ask the banks to pay for getting the almost-literal license to print money. Just like we can require them to use people's correct name.
- pas 3y agopardon my irony. what I wanted to point out is that the public service thing the current retail banking system does is surveillance, and it's very effective at it.