the irony is KYC/AML basically only made things worse for consumers while doing nothing to combat banks from doing lots of illegal things. KYC/AML now means yo

the irony is KYC/AML basically only made things worse for consumers while doing nothing to combat banks from doing lots of illegal things. KYC/AML now means you have to share incredibly personal and high-risk details with... anyone you bank with or who has to transmit funds. So now every single element of the banking system is a target due to that data. And like clock-work HSBC and Chase have still been caught and meagerly fined for transacting with known terror groups and drug cartels. At times even laundering money for known persons even on OFAC ban lists.