Post
Topic
Board Service Discussion
Re: Bitstamp - wanted to withdraw money and was hit with these weird KYC questions
by
leckey
on 23/01/2014, 23:44:19 UTC
Wait... you get this shit even if you're verified? I thought the whole point of verification was to satisfy AML/KYC demands? If so, why the Spanish Inquisition?

Yea, even if you're verified.  I guess it's for extra KYC data.  It's definitely ridiculous... but at least we know it's not a tactic to prevent withdrawals altogether.

I used to work on AML and KYC implementation (as a web developer) for customers applying for fixed rate investment products for a number of European banks... and they didn't need this kind of information. Perhaps due to the fact they were only targeting UK customers, but even still................ this goes way above and beyond what they should actually need to know.