Birdwatch Note Rating
2025-01-05 14:23:52 UTC - HELPFUL
Rated by Participant: 79BD259C99FDFC8DC30DD6792A51650CDBD3B15E93E3DDB82FD8B6C5E92D892C
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