Re:I just had over a thousand Euros stolen and Revolut is si...
by michalu on Monday June 24, 2019 @08:25AM
(#20262778)
Interestingly, all the banks in your sources involved in money laundering of "Russian money" are big non-Russian (Dutch, German, Estonian, UK, Swedish, French and so on) banks.
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Re:I just had over a thousand Euros stolen and Revolut is si...
by JumpCrisscross on Monday June 24, 2019 @08:44AM
(#20262936)
> all the banks in your sources involved in money laundering of "Russian money" are big non-Russian (Dutch, German, Estonian, UK, Swedish, French and so on) banks
And Revolut is a non-Russian service. Hence the comparison.
(Money laundering has three steps [1]. Dirty Russian money is typically placed with Russian banks. It is then layered between Russian and non-Russian banks before being integrated by a non-Russian bank, thereby masking its origins. Given the amount of dirty money flowing out of Russia, a Russian account tends to gather more scrutiny than e.g. a Danish one in the same way a Colombian account garners more scrutiny than a Miami one.)