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I think thst the goal of KYC is to get information about the entity opening an account, to e.g. make sure it isn't used for money laundering. Whether this accou

by GTP 1y ago

I think thst the goal of KYC is to get information about the entity opening an account, to e.g. make sure it isn't used for money laundering. Whether this account gets stolen later is out of scope for KYC.

Jommi 1y ago
right so its useless?
- GTP 1y ago
  No, it's not: you still want to make it as hard as practically possible to criminals to launder money.