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KYC happens everywhere except countries you probably don't want to put your money anyway.

It has less to do with the U.S. banking system, and more a case of Chase in particular being run by fools.

I've run into problem with Chase and I've heard from other people who have as well.

Your account will get closed without explanation, and getting your funds back is a major hassle. A branch manager told me they had a lot of AI-type account reviews going on, the output of which isn't questioned.

Because for 99.9999999% of people they work pretty much flawlessly (with some irritation and friction around the creases, of course)

One flaw per one trillion accounts would be some seriously impressive numbers.

Yes it's called hyperbole

In all my cases I only had weird problems like this with Chase. So glad that I'm back in Europe. Flawless would be European banks, certainly not Chase