Birdwatch Note Rating
2025-01-05 18:22:34 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 61797093876C8A797BAF5442951BE59718142945D8A15A69E3599CB11D184ABF
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