Quote:
Originally Posted by digitalfantasies
Because they are required to do so by law.
If they don't they can't pay their models & affiliates legally.
Yes government control is reaching absurd levels.
But you can't really blame sponsors for those laws.
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Lol...there is no law that says a PARTNER (affiliate) has to be subject to Know Your Client laws is there?
That would be like me demanding documents from an auto mechanic or a waiter at a restaurant I'm eating at.
KYC laws are for BANKS to the best of my knowledge.
My best guess about idiots with affiliate programs demanding KYC from their affiliates would be that they are getting bad legal advice from lawyers who always seem to push for more than is required.
Lawyers are constantly figuring out ways to "protect" their clients that aren't needed.
There is no way in hell that any company doing business with you needs to legally have all of your private info in order for you to send them traffic and for them to cut you a check.
It's just ridiculous. My bank ALREADY did the KYC for my company. And the Federal Govt. issuing me an EIN number for the taxes I pay every year also is more than enough to "authenticate" me to any moronic webcam company or porn company.
The bank is the ONLY one required by Federal Law to do KYC.
Not adult entertainment companies in regards to their traffic affiliates.