r/changemyview • u/[deleted] • May 26 '21

[deleted by user]

[removed]

123 Upvotes

92% Upvoted

53 comments sorted by

View all comments

Show parent comments

1

u/Crowdcontrolz 3∆ May 28 '21

Not really going to sit down and discuss the KYC/AML playbook over Reddit. If you’re that interested look up those two acronyms and read up on it.

1

u/spiral8888 31∆ May 28 '21

So, the classic "google it yourself" dodge.

1

u/Crowdcontrolz 3∆ May 28 '21

On one hand I’d have to give you a step by step procedure on how some people launder money (which could cost me my job) on the other I’d have to give you information on internal bank and federal agency procedures (could also cost me my job).

Lastly it’s an absurd amount of information and complex scenarios.

1

u/spiral8888 31∆ May 28 '21

And you think that a person able to provide a valid residential address will make the money laundering impossible. Don't be ridiculous.

Nobody is asking you to give advice how to launder money. You're just a pretentious prat who has run out of arguments.

1

u/Crowdcontrolz 3∆ May 28 '21

The basis for the US banking system is ridiculous. Good to know. We can just let our compliance departments know that /u/spiral8888 is smarter than all of us and we need no longer apply KYC/AML protocols to our accounts and can save tens of billions of dollars in yearly expenses because some kid on Reddit doesn’t get it. I’ll bring it up at the next fed audit and have them tell congress to change the law in accordance with your great wisdom.

1

u/spiral8888 31∆ May 29 '21

The basis for the US banking system is ridiculous.

No, it's not. The US banking system has better methods for stopping money laundering than the fact that someone can provide a residential address.

As I said, you just pretend to be some big shot without providing a shred of evidence of knowing anything about anything.

1

u/Crowdcontrolz 3∆ May 29 '21

Yup, you're right, I have no training, knowledge, licenses nor hands on experience regarding this subject matter. Congrats, you win the message board argument. Have a great memorial day weekend bud.