Exactly, I think it's not entirely the banks doing this. It's these organisations like FATF, FINCEN, BIS, IMF, WEF etc who are these unelected opaque groups that have so much clout that they're able to pressure every last country's governments and financial institutions to step in line and abide by these dictates.
Discussion
Yes they're pushing increasingly strong AML regulations.
That said I opened a new UK bank account recently and only needed my ID and to fill out a short survey (five or so questions about source of income) to KYC.
Not really dystopia yet. But I still refuse to do any KYC for Bitcoin. Can't avoid it for banks but Bitcoin was explicitly designed to exist outside this financial system.
Right on Xanny , right fucking on.
#KYCNotMe