Know Your Customer
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.
Crime needs money, governments have learned to "follow the money".
Governments, at least in the US, require community banks
Money flows are leaving the Western style banking networks.
Block chain for money and Identity is an existential threat to the rule of law.
This is old style Identity Management where flows