Birdwatch Note Rating
2025-01-05 14:58:58 UTC - HELPFUL
Rated by Participant: 4227F70DCB1CFBDFAF6309D7624AE342797BB88B49701333CCC557E076A16CBF
Participant Details
Original Note:
The reason is to protect the customer from fraud l, money laundering and financial crime. It’s a mix of Enhanced Due Diligence (EDD) and Knowing your customer (KYC). This has been the case in banking for a long time and is nothing new - https://www.gbgplc.com/en/blog/what-is-customer-due-diligence-in-banking-and-financial-services/
All Note Details