Bad for Business: How KYC/AML Makes Everyone a ‘Terrorist’


Two reports from risk solutions group Lexisnexis assert that anti-money laundering (AML) and know your customer (KYC) policies can negatively affect a business’s bottom line and customer service significantly. A recent trip to the local post office for a money order certainly had a negative effect on my own experience, thanks to the same regulations, which make paying customers feel like they are suspected terrorists just for doing business. Also Read: Bittrex Pulls Out of 31 Markets Citing Regulatory Uncertainty Everyone’s a Suspect A recent visit to my local post office here in Japan, to get a simple USD money…
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Bad for Business: How KYC/AML Makes Everyone a ‘Terrorist’

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