Gabor Gurbacs criticizes AML and KYC data policies for privacy concerns
@gaborgurbacs: AML and KYC privacy concerns
In a recent tweet, Gabor Gurbacs, a notable figure in the finance sector, raised concerns about the current practices of Anti-Money Laundering (AML) and Know Your Customer (KYC) data collection.
He emphasized that while platforms are legally obligated to gather user information, certain data should not be collected as it may endanger everyday people. According to Gurbacs, a greater emphasis on privacy could serve as a protective measure for individuals.
He urged more people to understand the importance of privacy in a digitally connected world where regulations often override personal data security. Gurbacs’s statement reflects the broader debate on balancing regulatory compliance with individual privacy rights in the financial sector.
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In the previous news, tweet author Gabor Gurbacs discussed the potential benefits of Bitcoin's decentralized nature and its impact on financial markets.
