Re:Wirecard CEO exits as search for missing billions hits de...
by bildung on Friday June 19, 2020 @09:20AM
(#23574251)
> I don't recall the reason, wether it was fraud or terrorism.
Interesting question to procrastinate with :) Apparently it was both, it started with measures to prevent money laundering by the mafia, with the Federal Deposit Insurance Act of 1950[0]. The current regulations are a result of 9/11 and came as part of the Patriot Act[1].
Interesting question to procrastinate with :) Apparently it was both, it started with measures to prevent money laundering by the mafia, with the Federal Deposit Insurance Act of 1950[0]. The current regulations are a result of 9/11 and came as part of the Patriot Act[1].
[0] = https://authenteq.com/the-evolution-of-kyc-part-2/
[1] = https://en.wikipedia.org/wiki/Know_your_customer#Laws_by_cou...