That stuff can be not very good at doing what is intended. If I want to make a legit regulated transfer they now ask where the money came from and a lot was inherited forty years ago for which the records generally don't exist anymore. Meanwhile the actual criminals still manage to circumvent the system. It mostly creates hassle and expense for the law abiding.
I actually invested in a kyc business after being a bit horrified by the scam compounds in Cambodia but was disappointed when I heard a presentation of their successes which were mostly fines for legit people filling the forms wrong. Meanwhile the scam compounds got closed by raiding them and imprisoning or executing the criminals. I think the latter works much better than the former.
I actually invested in a kyc business after being a bit horrified by the scam compounds in Cambodia but was disappointed when I heard a presentation of their successes which were mostly fines for legit people filling the forms wrong. Meanwhile the scam compounds got closed by raiding them and imprisoning or executing the criminals. I think the latter works much better than the former.