Quote:
Originally Posted by digitalfantasies
KYC is not only for financial institutions.
You guys are forgetting that not every company is registered in USA where the laws are different
KYC is a part of of European AML directives and every year or so a new directive with new obliged entities are added, in the first or second directive it was banks. but we are long passed that.
Also new territories are adapting the European AML directives every few months.
AWE probably introduces it now, because this month
the digital services act has passed,
making stricter KYC procedures obligatory for companies that act as an intermediate between sellers and buyers of services.
And as I understand even social networks
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So what you are saying is: AWE and every other sponsor that asks for this private corporate info from ME...should also be sending me all of THEIR private corporate documents.
Doesn't MY company also need to do "KYC" to make sure that they aren't terrorists or drug lords?
See...how ridiculous that is.
And I won't hold my breath for any of THEM to send me their company docs and ID's.
No. KYC is for banking institutions. There are no laws that say a porn company has to find out all of your corporations internal documents, etc.
Show me the law that says that specifically. I'd love to see where it says that any company in the porn industry is legally obligated to do KYC.
There isn't one. It's for govt. regulated and insured BANKS.