Quote:
Originally Posted by RazorSharpe
I'm guessing they also ask employees for social security numbers (National Insurance in the UK)? If so that's pretty much a form of government ID on file with the employer.
I can actually see why they're asking for this stuff and don't have an issue with it besides the safeguarding of data.
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Of course they ask employees for Social Security for payroll and taxes.
Just like every affiliate program has always asked me for my EIN number (my business corporate tax number).
In other words...they have ZERO legal reasons to try and institute Federal guidelines for banks.
It's just stupid and time wasting.
I spent damn near a year trying to satisfy Cambuilder's "KYC" requirements just so I could get paid again.
Even though I have known Shawn Boday since way back in the Sex Tracker days and promoted Streamate since he first opened it...and put Claudia Marie on that cam site in the very beginning when he wrote me and asked me if I would.
I still had to send them my corporate articles of incorporation, my corporate operating agreement, statement showing my corporations division of assets, etc.
Those are all MY companies internal documents that are NONE of their business.
They certainly didn't send me THEIR companies internal documents!
All they needed (and already had), was my name, my address, and EIN Federal tax number.
The fact that they do ACH to my bank here in the United States already tells them that my company has undertaken all the REAL "KYC" shit that banks make you do for a corporate business account.
And the fact that I have (like all corporations do) a Federal EIN number and pay taxes accordingly should also be more than enough.
My point is...they are NOT legally bound to do any of that. They are just doing "KYC" in some misguided lawyer's scaring them to "CYA" (cover your ass).
If for some reason, one of those porn companies were to have their records looked at by the Feds...the Feds aren't going to look at their faux "KYC" horseshit.
Now, if I were some Russian webmaster out there trying to promote a US corporation.
Well, then maybe you need to do some extra due diligence (or like most have always done: Deny them)