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Comment by lifestyleguru | Hacker News Reader

Suddenly it has become normal to scan face in 3D, nonchalantly demand copy of ID and passport, freeze people's money and demand full financial statement arbitrarily. Not only there is no push back but things are becoming more and more restrictive.

Authorities and banks avalanche everyone within their reach over all available communication channels with "warnings" about scams and frauds.

What direction are they aiming with this total control?

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Considering that in concert with all of the above a device has been developed that emulates human speech more convincingly than most humans, I guess it's pretty obvious

What is obvious? Why they need my messages for the voice speech emulation?

The person you’re replying to is saying that in the several years the technological means to impersonate people at scale has become widely available, and because of this financial institutions are having to strengthen their security measures to defend against fraud.

When last time employee of bank or public administration in developed world paid consequences for leaking private or biometric data, copies of documents or documents themselves?

Because now you have kiddos in customer service demanding things like deed of purchase of real estate or inheritance documents.

Well, that's why we've made 'em and put 'em there - we need accountability sinks!

Wrong, I am saying that you are already an impersonation of an impersonation and that's the only reason you have access to banking in the first place.

It is obvious that what need them for is not the voice speech emulation.

Yes I experienced this with FastSpring. Had a store with them for 15+ years, then suddenly they froze it and demanded all of the above. Was quite disturbing to say the least.

If you look up comments on fintechs, trading platforms, and even legit banks on reddit and review websites there has been surge of these practices in last maybe 12 months. Basically "all savings and accumulated funds are illegal by default". In the past I only had heard horror stories about Paypal but now this it widespread.

That's the blessing of the KYC/AML laws/regulations for ya.

Moving money needs source of funds, documentation etc... doing any business requires you to doxx yourself to the world and to vendors in the name of transparency.

Luckily though none of this is a problem for large multinationals :) which the EU cares about most in the end

So after you paid income tax, then capital gains tax while accumulating, and about to pay VAT tax while purchasing something, they say "hold on, this money looks illegal!". Savings don't have documentation in form of recent payslip or deed of sale.

The yachts and private jets on European harbors and airports don't look like their owners have any problem with money transfers. Wirecard billions? poof, vanished!

If feels as if elites were in process of cutting off everyone else.

We’ve gone from “Don’t share lots of information online.” To “Submit everything on demand…”

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