If you had any doubts that Know-Your-Customer laws were evil, here is one very good reason: personal data of 1 BILLION people just leaked.

https://lemmy.ml/post/43495940

If you had any doubts that Know-Your-Customer laws were evil, here is one very good reason: personal data of 1 BILLION people just leaked. - Lemmy

Lemmy

The core purpose of KYC - to make it harder to launder money, and for the ultra rich to hide away their ill gotten gains - is not evil, far from it.

The fact the very same people which benefit from a perception that KYC is evil, are the same people making the decisions which directly lead to data breaches, is obviously a complete coincidence!

KYC does nothing against rich people. Panama Papers came out and nothing happened. Law enforcement does not target rich people.
Yep. KYC is to stop the movement of funds that could be used to undermine the system. A.k.a terrorism.
Also tax evasion.

Terrorism as defined by whom? Because those protesting Israel are soon terrorists. Animal rights defenders. Environmental protesters especially opposing oil pipelines and the like, climate protesters, people protesting the police, etc.

This is going to get really bad, the mask is off, they aren’t pretending to operate government according to the rules, or to be believable. The terrorists they will be targeting are those protesting the plutocracy ass fucking people without their consent.

Exactly. Anything that undermines the billionaire narrative.
Don’t use that example. Look up consequences of Panama Papers. At least say that nothing happened in USA, land of the corrupt, home of the slaves.