Quote:
Originally Posted by xxxuniversity
I think you are confused on that. But if we have reached THAT level, then the tyranny is even worse. So like most others, you just re-state the problem. I don't believe banks have to verify where somebody is going to spend money. CCBill's bank wouldn't be causing CCBill to KYC affiliate programs. Now banks do a have a practice of verifying the origin of DEPOSITS. But expenditures, that's not something banks routinely insert themselves into.
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I work in mergers and acquisitions. It's part of my job to dive into what adult companies looking to buy or sell are dealing with in regard to banking compliance.
Part of what I love about my job is that I get to see how so many different companies have evolved and adapted as change has affected the industry.
One of the worst parts of my job is seeing people work for years and then find themselves out of business because they didn't adapt to the times before it was too late. It's also pretty unfortunate to see people try and sell something that they've created and eventually destroyed themselves by assuming that change didn't apply to them.
Trust me when I tell you I'm in no way confused by what you said or the way things are or that it's a pain for people to have to jump through these hoops. I simply wouldn't choose to die on the hill that you are standing on.