Re:MasterCard to stop processing payments on Pornhub, cites ...
by Proziam on Thursday December 10, 2020 @04:17PM
(#25378835)
> Agree. My hunch is that the US government is using money laundering and “know your customer” laws to force payment processors to play cops.
This isn't a hunch, this is entire purpose of KYC and AML. Even something as simple as making a large deposit at the bank is enough to trigger reports going to places that might cause you concern.
This isn't a hunch, this is entire purpose of KYC and AML. Even something as simple as making a large deposit at the bank is enough to trigger reports going to places that might cause you concern.