My (admittedly limited) understanding is that the ID requirements aren’t entirely their fault. Know Your Customer laws have started requiring things like IDs, so it’s likely that lawmakers are to blame for that gripe.
Do you think the EU is immune to money laundering? Because that’s what KYC laws are meant to prevent. The EU absolutely has KYC laws to prevent money laundering.
Step 1: Make a small, basic app. Include lots of in-app purchases for no reason.
Step 2: Use dirty money to buy those in-app purchases.
Step 3: Receive washed money from the App Store, minus the ~20% commission that the store takes.
Step 4: That’s it. You’re done. You’ve successfully laundered money in the App Store.
My (admittedly limited) understanding is that the ID requirements aren’t entirely their fault. Know Your Customer laws have started requiring things like IDs, so it’s likely that lawmakers are to blame for that gripe.
even in the EU? that’s a bit hard to believe
Do you think the EU is immune to money laundering? Because that’s what KYC laws are meant to prevent. The EU absolutely has KYC laws to prevent money laundering.
but this is an app store, and their own policy, not a bank or other financial institution
Step 1: Make a small, basic app. Include lots of in-app purchases for no reason.
Step 2: Use dirty money to buy those in-app purchases.
Step 3: Receive washed money from the App Store, minus the ~20% commission that the store takes.
Step 4: That’s it. You’re done. You’ve successfully laundered money in the App Store.