Re: CRYPTSY stopping withdraw locking accounts without notifying users! Class Action
Furthermore:
https://www.ffiec.gov/bsa_aml_infobase/documents/BSA_AML_FAQ.pdf
Cryptsy put limits on non-FIAT for current and new customers because THEY wanted to. Nothing more.
The patriot act is hardly the only agency telling exchanges what they have to do. Cryptsy's compliance officer does what the agencies, and the lawyers tell them they need to do its that simple. Again its the same as all the other exchanges. It's a standard.Quote
Pursuant to the USA Patriot Act of 2001, the Secretary of the Treasury was required to finalize regulations before October 26, 2002 making KYC mandatory for all US banks. The related processes are required to confirm to a customer identification program (CIP)
https://www.ffiec.gov/bsa_aml_infobase/documents/BSA_AML_FAQ.pdf
Quote
The CIP rule provides that a customer generally is a person that opens a new account. 31
C.F.R. § 103.121(a)(3)(i)(A).
C.F.R. § 103.121(a)(3)(i)(A).
Cryptsy put limits on non-FIAT for current and new customers because THEY wanted to. Nothing more.
http://www.protiviti.com/en-US/Documents/Resource-Guides/Guide-to-US-AML-Requirements-5thEdition-Protiviti.pdf
Maybe you, BitJohn (not necessarily Cryptsy), can enlighten me on what else is directing KYC requirements? It's page 11 on the above so you know what I'm looking at.
http://s23.postimg.org/jpkz9od4b/aml.png
http://s18.postimg.org/4cdhkpsnd/aml2.png
Maybe I'm wrong? If not... I raise that bullshit flag high.
Same ole BitJohn.. playing dumber than dumb can be. YOU SILLY GUY.
He put on the same act when 2-3 of us were questioning him/everyone on their blatant violations of the insider trading laws, via the cryptsy chatbox.