Difference between revisions of "Know Your Customer"
From MgmtWiki
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Grameen | Grameen | ||
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| + | Money flows are leaving the Western style banking networks. | ||
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| + | Block chain for money and [[Identity]] is an existential threat to the rule of law. | ||
==Solutions== | ==Solutions== | ||
Revision as of 10:14, 16 September 2018
Full Title or Meme
Depository Financial Institutions (aka Banks) are required by the Anti-Money Laundering legislation in all developed countries to Know Your Customer and report on large financial transactions by that customer's Identity.
Context
Crime needs money, governments have learned to "follow the money".
Problems
Governments, at least in the US, require community banks
Grameen
Money flows are leaving the Western style banking networks.
Block chain for money and Identity is an existential threat to the rule of law.
Solutions
This is old style Identity Management where flows
