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A comment on Canada 'sleepwalking' into cashless society, consumer advocates warn. Parent comment

Re:Canada 'sleepwalking' into cashless society, consumer adv... by ryandrake on Sunday June 30, 2024 @02:32PM (#40839025)
Smaller companies are more than able to comply with AML/KYC.
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Re:Canada 'sleepwalking' into cashless society, consumer adv... by agtech_andy on Sunday June 30, 2024 @03:03PM (#40839296)
Yes. They just have to pay a few thousand per month to places that do it as a service.
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Re:Canada 'sleepwalking' into cashless society, consumer adv... by olalonde on Sunday June 30, 2024 @02:40PM (#40839107)
Complying is easy, doing it economically is another thing.
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Re:Canada 'sleepwalking' into cashless society, consumer adv... by viknesh on Sunday June 30, 2024 @03:01PM (#40839281)
Sounds like a great opportunity for a startup to fix!

In the country I live, there is a standard AML/KYC service that allows customers (banks, utilities) to easily perform ID verification in a few minutes.

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