alt Hacker NewsThe point of the CYA clause isn’t to prevent illegal activity or make the bank more aware of what customers are doing. The point is that when Bank 1 is defending itself in court, it has one additional thing they can point at when arguing that it should not be liable for the illegal activities.
Ok, fair enough. I just don’t think that is convincing evidence, personally. But there would be 11 other people on the jury.