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You’re just confirming what I’ve written: Problems are companies who nickel-and-dime on security. And yes, we need punishments for data breaches. This has nothing to do with KYC laws being evil. It’s just OP being a money launderer.
So why don't KYC laws come with punishments for data breaches?
If it's only there to help law enforcement and not protect anybody else what do you call that?
I certainly don’t call that evil. There are many laws that exist solely to help law enforcement, they aren’t automatically evil.