Birdwatch Note Rating
2025-01-05 15:18:03 UTC - NOT_HELPFUL
Rated by Participant: EE06CF07B4E1E7A63F0205C0F708DB02A6D3FC0F4981EF7F2565437997A84EF4
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