this post was submitted on 19 Oct 2023
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Text messages have to be turned over for those pesky subpoena's. Can't be leaving evidence laying around.
The issue is the opposite, because people use non official communication channels it's hard for regulators to get the information they need, and it can be taken as the bank hiding things, which leads to fines. It's in the article:
They could claim it's for easier reporting by dropping WhatsApp, getting rid of texts is blatantly about preventing paper trails.
Are you not able to open the article and read it?
I did, you did not read what I wrote.