This is the siren song of control: offering illusory security in exchange for absolute transparency. They claim to protect us, yet they are the very source of our vulnerability, beholden to their own self-interest.
Imagine you had to verify your social media profiles in order to get a bank account. This is what the world's biggest banks are proposing in order to combat the complete ineffectiveness of their own AML programs as found in a statement by the AML/CFT consortium Wolfsberg Group.
Full story: https://www.therage.co/banks-aml-inefficient-access-to-social-media/
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