Technology

KYC = Know Your Customer, a team I just learned recently. It’s primarily related to financial transactions, to make crimes like money laundering or terrorism financing harder. Up until relatively recently this was something that primarily happened face-to-face, and it doesn’t seem like good controls have been developed for online use.

I think some ID cards are single-sided, some are double-sided. One of the big problems is most Americans only have a state-issued ID, not a federal one, and the standards vary from state to state. They’ve tried to address this some with minimum standards for state IDs (mainly driver’s licenses) under a program called Real ID (enacted after 9/11 hijackers got state-issued IDs for false identities), but it was still optional for certain purposes, at least until recently. In my state for a long time when renewing your driver’s license it was optional to do the extra paperwork for a Real ID, but then there would be a note on the top that it was not valid for federal identification purposes, such as accessing certain government facilities or boarding an airplane. Since I have a passport I’ve never bothered with it, but it looks like this year getting a Real ID is mandatory when getting or renewing a driver’s license in my state.