Birdwatch Note Rating
2025-01-06 02:08:07 UTC - NOT_HELPFUL
Rated by Participant: FDF4F922818B7DE40D340921EAA27F0561645E0B9D94AA2405A8F53A8E23A2A8
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