Re:Blockchain is not only crappy technology but a bad vision...
by mellavora on Tuesday January 18, 2022 @08:32AM
(#29978756)
except those KYC and AML laws still apply to the companies making the transfers. And some of the regulators are extremely aggressive in their enforcement.
so your company either has to set up its own KYC/AML compliance department (noting that this is often a regulated profession) or it is probably breaking the law.
International bank payments are slow, but they are also reversible and compliance is not your problem.
so your company either has to set up its own KYC/AML compliance department (noting that this is often a regulated profession) or it is probably breaking the law.
International bank payments are slow, but they are also reversible and compliance is not your problem.