Thread: KYC - awempire
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Old 07-26-2022, 06:41 AM  
TaiGhost
So Fucking Banned
 
Industry Role:
Join Date: Dec 2019
Posts: 494
Quote:
Originally Posted by RazorSharpe View Post
No, I don't mean like your bank, I mean like THEIR bank. And no, your bank is not the only one legally meant to gather KYC info. Your bank isn't special. Banks everywhere are meant to gather KYC info for money being transferred to an unknown entity; in this case you.



You won't hurt my feelings if you think I'm wrong, so go for it.



Like I said, you're missing the point. The sponsor doesn't care who you are. Their bank wants to know who they are remitting funds to. How is this so difficult to understand.



That thought never crossed my mind. Mainly because I'm not under the false assumption that the sponsors wants my details. So I'll say this again, you are completely missing the point. You can say you're not, but that doesn't make it true.



Awempire isn't asking for these kind of details. They're asking for ID on file. Sometimes it's important to have a discussion based in reality.



How come? Because you're not sending them money. If you were sending the sponsor money, then your bank would have a right to ask you for KYC data on them.



You're not forced to send them this information. None of us are. You can quite simply choose to not deal with any sponsor who asks you to submit information you aren't comfortable sharing with them.

The only part of your message that actually makes sense to me is the safeguarding of data. This is obviously a problem, however not a problem unique to adult sponsors.
That's my concern as well. Not worried about the programs themselves but more like rogue employees, hacks, breaches. I usually give passport only to gov entities when I HAVE to.

Great posts by the way.
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