I've been at a loss for words for how disingenuous the Government's arguments against Roman Storm have been for a long while now, but this one really takes the cake.
In pretrial proceedings, the court clearly ruled that the terms AML and KYC had no place in the trial against Storm, as the Government is no longer alleging that the developer violated federal licensing requirements – and therefore had no obligation to implement KYC/AML.
Over the weekend, the Government has now filed a letter to clarify that one of its expert witnesses – Philip Werlau of an AML compliance service – will not be using the words KYC; but that he *will* testify that Storm could have implemented "a 'registry of authorized users' that would allow the service to confirm the identity of people making deposits and withdrawals."
Which is literally, word for word, the definition of KYC, as described by the Financial Action Task Force, the IMF, as well as FinCEN itself.
