Re:25M Brits would struggle in a cashless society
by repolfx on Sunday March 17, 2019 @01:32PM
(#19415148)
Not quite. For one individuals don't have to comply with AML rules if they're just behaving as normal individuals, those rules affect companies.
For another, banks don't have to show anything. It's risk management, they can close your account if they believe you're high risk, partly because if they didn't they'd get fined by the USA for money laundering. See: HSBC, whose fines were largely due to not closing accounts aggressively enough.
For another, banks don't have to show anything. It's risk management, they can close your account if they believe you're high risk, partly because if they didn't they'd get fined by the USA for money laundering. See: HSBC, whose fines were largely due to not closing accounts aggressively enough.