Tag

Know Your Customer

All articles tagged with #know your customer

business28 days ago•5 min saved

Ex-Citi executive says she was fired for flagging Trump client concerns

A former Citigroup wealth unit managing director filed a Brooklyn federal lawsuit alleging she was terminated in April 2025 after raising concerns about Citi’s risk-management practices and its discussions about taking on Donald Trump as a client, including the possibility of a numbered account; Citi says the departure followed multiple substantiated complaints about her behavior, while noting it changed its code of conduct in 2025 to prohibit discrimination by political affiliation.

via Financial Times|

#banking-regulation #business #citigroup-inc

technology-policy2 months ago•16 min saved

Robocall Crackdown Could End Anonymity, FCC Signals Privacy Tradeoffs

The FCC is weighing sweeping Know Your Customer rules that would require government ID, a physical address, full legal name, and an existing phone number to obtain or renew voice service, with fines of $2,500 per illegal call charged to providers. While officials say the goal is to stop scams, critics warn the regime could erode semi-anonymous communications (burner phones) and sweep in red flags like crypto payments or nonmatching addresses, potentially harming vulnerable users; the rules are not yet in force and the commission is seeking public comment on privacy concerns.

via Gizmodo|

#anonymity #fcc #know-your-customer

cryptocurrency-regulation3 years ago•3 min saved

EU's Crypto Regulations: From Limits to Smart Contracts and Anti-Money Laundering

Bitcoiners projected the cryptocurrency's logo with a message to "study Bitcoin" on the European Central Bank building in Frankfurt, as the European Parliament adopted a new draft bill focused on Anti-Money Laundering and Countering the Financing of Terrorism. The bill sets out potential new rules enforcing Know Your Customer requirements for traditional financial and crypto-related services, and seeks to restrict cash and cryptocurrency payments for goods and services where customers cannot be identified. The rules limit cash payments to up to 7,000 euros for cryptocurrency transactions or 1,000 euros if the user's identity is unknown. The bill is separate from the European Parliament's impending Markets in Crypto-Assets bill, which is set to come into effect in 2024.

via Cointelegraph|

#anti-money-laundering #bitcoin #cryptocurrency-regulation