The purpose of KYC isn't just to combat terrorism and financial crime, but also to protect businesses from the actions of unscrupulous individuals, which is com

The purpose of KYC isn't just to combat terrorism and financial crime, but also to protect businesses from the actions of unscrupulous individuals, which is common in low-trust societies. As Western society transitions from high-trust to low-trust, I predict KYC will only become more widespread.