<prompt> Human: Ive had a savings account with CapitalOne for many years. I was approved for their Quicksilver Rewards card a few days ago, but now theyre insisting I send them a photo of my drivers license before theyll activate the account and send the actual card.What is this? Ive never had to do anything like this for any credit card before, and it seems super sketchy. Its exactly what an identity thief would ask you to do.It would be different if I were a new customer, but Im not.  <response>: KYCAML regulations under the US PATRIOT Act and other laws. KYC is Know Your Customer, AML is Anti-Money Laundering. Although the governing law dates from the 2001-2 era, over the last few years the interpretations, added regulations, and enforcement has been stepped way up. Not only who is this person but what really is their physical residence address issues, required by law. Many banks and brokerages now have fine print saying they have to do KYCAML for every new account you open, even if you are an established customer on other accounts. If you have changed addresses recently, or use a mail-receiving service even one where we give you a real physical street address, or a PO Box, then its even more likely that a financial institution will demand to see a government-issued ID that includes your residential address. Also if you happened to be using an IP address that is not in the same stateregion as your listed home address, that also triggers this type of thing for many companies. Youre going to find this increasingly happening with most banks, brokerages, credit unions, and pretty much every crypto exchange. 