AIRs regulatory manifesto calls for using biometric data in lieu of traditional know your customer requirements, which are the parts of our anti-money laundering regime that require companies to verify that customers are who they say they are when making financial transactions. The Office of the Comptroller of the Currency, or OCC, which is technically part of the Treasury Department but operates with a great deal of independence, would be positioned to grant this major invasion of individual privacy. Without proper regulations, companies would be able to factor your facial and voice data into its decision to lend to you. The industry claims that biometric data will be far more secure (and cheaper to administer) than traditional anti-money laundering tactics. You know, it's this kind of smug official term that means you're rich.
Airs regulatory manifesto uses zachary tasks to fight illegal merchants.
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Airs regulatory manifesto uses zachary tasks to fight illegal merchants .
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