This is the standard rules on the protection of personal information which exist in most countries. What this gives you? Fine? Lol! How can you prove who has become a source distribution of your data? Access to these data has several sources. If you need complete privacy you need to live on a desert island.
if I can assume you just follow the rules as there is a new regulation that is KYC because it is for our good that our money is always protected from the thieves.