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!

Bruh, the ultra rich have operated state sanctioned child rape islands for several decades. Do you really think KYC has any impact on their crimes?

If so, I have a bridge you might be interested in acquiring…

those crimes in specific? no.

in how they carried out specific other crimes? yeah, it changed methodology at very least. it sounds like you don’t understand KYC. it was not targeted at sex trafficking.

HSBC enabled fraud in the hundreds of billions, and they didn’t have even remotely equivalent consequences.

How about only accepting measures that impose great risk on the privacy of the working class once corporate and political criminals face the same level of “justice” and consequences as the working class?

I was not equating those crimes

uh yeah you were