Just to add, if you fall into certain risk profiles, some of which you are born into and you can never get out of, it becomes incredibly hard to get basic banking services. Banks will unilaterally close your account. Payment apps will deny you applications and none of them have to explain why.

The rules of the financial credit system are mostly opaque and work through indirect levers. This AML social credit system also totally global, extending anywhere that the FATF has sway.