Replying to Avatar Susie Violet

Yes, the threshold is for firms’ ownership/control changes above 10%. But the wider issue remains: lowering the bar drags more firms and their shareholders into disclosure regimes …framed as AML, but in reality just expanding surveillance.
Avatar
Yojimble 3mo ago 💬 1

Quite a large context drop to say 'people' when the proposed laws are for firms and those particular laws do not increase disclosure for customers which is already at 100% if they use a kycd service

Reply to this note

Please Login to reply.

Discussion

Avatar
Susie Violet 3mo ago

You’re right, my wording could have been clearer. But lowering the bar still pulls the people behind those firms into wider disclosure via AML reporting. The wider concern remains the same, and the detail is in the provided documents.