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As someone who's previously been involved in KYC/AML I've a long held suspicion that these policies are in place to benefit the United States while deliberately
by tjpnz 3y ago
As someone who's previously been involved in KYC/AML I've a long held suspicion that these policies are in place to benefit the United States while deliberately inconveniencing everyone else.
- matheusmoreira 3y agoThat's exactly what they are for. KYC/AML is just the financial arm of their total global surveillance program.
- tjpnz 3y agoI'm talking more in terms of retaining a competitive advantage. The processes you might implement in Japan wouldn't be implemented in the US despite them having a basis in international law.
- csomar 3y agoI do have the same suspicion: https://news.ycombinator.com/item?id=38048156 https://news.ycombinator.com/item?id=38048156 I also think that the other countries started doing the same thing and this is starting to make the system as weird as it gets.
- kalleboo 3y agoCan you explain? I'm not sure I get how this benefits the US specifically. I'm not American but have held and used cards from a European and Asian country and am not sure how the behavior is any different.