Re:After court order, OpenAI is now preserving all ChatGPT u...
by anonzzzies on Thursday June 05, 2025 @05:06AM
(#44189805)
The US forces their laws everywhere and it needs to end. Everywhere we go, the fintech industry is really fed up with the US AML rules which are just blackmail: if your bank does not comply, America will mess you up financially. Maybe a lot more should just pull out and make people realise others can play this game. But that needs a USD collapse, otherwise it cannot work and I don't see that happening soon.
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Re:After court order, OpenAI is now preserving all ChatGPT u...
by fancyfredbot on Thursday June 05, 2025 @05:21AM
(#44189866)
AML and KYC are good things for almost everyone except criminals and the people who have to implement them.
Re:After court order, OpenAI is now preserving all ChatGPT u...
by cmenge on Thursday June 05, 2025 @06:19AM
(#44190186)
Agree, and for the people who implement them -- yes, it's hard, it's annoying but presumably a well-paid job. And for the (somewhat established or well-financed) companies it's also a bit of a welcome moat I guess.
Re:After court order, OpenAI is now preserving all ChatGPT u...
by fancyfredbot on Thursday June 05, 2025 @10:43AM
(#44192174)
Most regulation has the unfortunate side effect of protecting incumbents. I'm pretty sure the solution to this is not removing the regulations!
Re:After court order, OpenAI is now preserving all ChatGPT u...
by anonzzzies on Saturday June 07, 2025 @11:21AM
(#44210256)
and the people who have to open a bank account and get some ai denying them even they never did anything. or having their account blocked because something triggered and then have to fax over 10 documents to prove stuff the bank already has known always as the person has been with the bank for the past 40 years etc.
sure, theoretically kyc and aml are good, the implementations all suck.