I have to do a lot of KYC banking protocols for payments to clients and vendors that are domestic and international, and I have to submit passport images for all clients or my bank won't issue a payment.
KYC is effectively Digital ID tied to a "registered device". Most institutions refuse to comply with the LAW that requires them to offer non-KYC ID verification method. KYC is UNCONSTITUTIONAL the way it is currently implemented and used.
Isn't that exactly what "know your customer" is all about?
KYC doesn't ask for citizenship.
Funny how that works.....
yes.
I have to do a lot of KYC banking protocols for payments to clients and vendors that are domestic and international, and I have to submit passport images for all clients or my bank won't issue a payment.
My dyslexia read that as KFC. Asked myself “WTF? The colonel has his own bank?
Howls.
KYC is effectively Digital ID tied to a "registered device". Most institutions refuse to comply with the LAW that requires them to offer non-KYC ID verification method. KYC is UNCONSTITUTIONAL the way it is currently implemented and used.