Dana Edwards If KYC/AML were beneficial to the user, there would be...

March 25, 2023 at 11:23 AM  ·  Comment — Archer T. Ships replied to Dana Edwards's comment.  ·  View on Facebook  ·  Markdown source

Dana Edwards If KYC/AML were beneficial to the user, there would be no need for compulsion, since people would voluntarily provide the information. Estate planning does not require KYC/AML. Swiss banks operated for decades with anonymous, numbered accounts. Yes, the government is already (illegally) wiretapping our phones and other devices. And deploys video surveillance if you become a sufficiently high priority person of interest. How does the fact that the government is doing other kinds of illegal, invasive surveillance justify KYC/AML? It's like saying "Police officers already steal people's stuff via asset forfeiture, might as well just hand over the keys to our bank accounts."