Know your customer or know your client (KYC)[1][2] laws, regulations and guidelines in financial services require regulated businesses and professionals to verify the identity, suitability, and risks involved with maintaining a business relationship with a customer. These procedures fit within the broader scope of anti-money laundering (AML) and counter terrorism financing (CTF) regulations.
This makes sense re: my intuitive understanding that it protects you from giving your information to other businesses, but it won’t protect you from the police if the police subpoena privacy.com and ask them about you specifically.
Privacy.com is still currently on the point of the enshittification curve where they are making a good free service for customers, but I don’t doubt that once they have enough people locked in, they’ll make the service worse by pivoting first to helping their advertisers and then to helping themselves and their financial backers at the expense of everyone else.
Worth noting that privacy.com has KYC.
What is this? EDIT: https://en.wikipedia.org/wiki/Know_your_customer
This makes sense re: my intuitive understanding that it protects you from giving your information to other businesses, but it won’t protect you from the police if the police subpoena privacy.com and ask them about you specifically.
Privacy.com is still currently on the point of the enshittification curve where they are making a good free service for customers, but I don’t doubt that once they have enough people locked in, they’ll make the service worse by pivoting first to helping their advertisers and then to helping themselves and their financial backers at the expense of everyone else.
Know Your Customer. It’s where the company keeps a record of your personally identifiable information on record and linked to your account.