Birdwatch Note Rating
2025-01-06 01:42:38 UTC - HELPFUL
Rated by Participant: EA12474530AA0F5707F7B694E525AE7F91DD26C64DFF342B4BAA14D3A4889E2C
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