Thread: Epoch - WTF?
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Old 08-03-2012, 10:23 AM  
signupdamnit
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Quote:
Originally Posted by MichaelP View Post
It's part of a new regulation called KYC (Know Your Customer)... To prevent Frauds, Maonay Laundering, and Terrorism Funding...

If you are Clean & Legit, I don't see the issue

"In the USA, KYC is typically a policy and process implemented to conform to a customer identification program (CIP) mandated under the Bank Secrecy Act and USA PATRIOT Act[1]. Know your customer policies are becoming increasingly important globally to prevent identity theft, financial fraud, money laundering and terrorist financing.... "

FYI : http://en.wikipedia.org/wiki/Know_your_customer
Is there any proof that Epoch is being required to do this per KYC? AFAIK they are not a bank. I think that excuse is likely bullshit. The issue with it is that affiliates don't want to have to send their driver's license and other personal documents to 1,000 different programs just to get paid. I'd end up spending more time dealing with that crap then I would actually working to try to make money. It's also serious identity theft and privacy risk. If you believe otherwise you should set an example and publish an uncensored scan of your passport or driver's license in your sig.
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