Difference between revisions of "Know Your Customer"

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(Problems)
(Problems)
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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 09:14, 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

References