How are we on a KYC thread, with people that actually do KYC, believing their koolaid
They see the accounts
They know the gaps in the regulatory framework, or should
They should know the pointlessness of this exercise but apparently the idealism (or a couple internal examples I’m unaware of) is convincing still and masquerades as reality
KYC is as strong as the weakest link in all financial institutions and all pooled accounts
I’m out
