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A comment on Revolut raises $500M at a $5.5B valuation. Parent comment

Re:Revolut raises $500M at a $5.5B valuation by randunel on Tuesday February 25, 2020 @06:17AM (#22412312)
Revolut also block the accounts of members of a certain political party ("PSD") in Romania, "blocking" (stealing) their money, but only if customers admit to being a socialist party member. Here's a screenshot with the questions https://universul.net/wp-content/uploads/2019/10/revolut-psd...

Transcripted from the Revolut app:

Have you ever held any of the following positions? Select all that apply

- Member - Specialized Commission for Local Government, Legal, Defence, Public Order, Rights and Freedoms of Citizens

- Councilor - Teleorman County Council (as of July 2012)

- Member - Partidului Social Democrat (PSD)

- None of these apply

[ Parent | on HN ]
Re:Revolut raises $500M at a $5.5B valuation by bad_user on Tuesday February 25, 2020 @06:41AM (#22412379)
PSD is a populist party of crooks, mobsters and money launderers. With knowledge of what goes on with PSD in Romania, I would probably deny doing business with them too.
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Re:Revolut raises $500M at a $5.5B valuation by Angostura on Tuesday February 25, 2020 @08:07AM (#22412843)
For context https://en.wikipedia.org/wiki/Social_Democratic_Party_(Roman...
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Re:Revolut raises $500M at a $5.5B valuation by nottorp on Tuesday February 25, 2020 @07:05AM (#22412469)
Lol that's not a socialist party, it's a criminal organization. The specific reference to Teleorman is probably because of the ongoing EU investigation concerning fraud with european funds.

Considering they're extremely overzealous with money laundering related freezes, it makes sense for them to avoid doing bussiness with the mob in the first place.

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Re:Revolut raises $500M at a $5.5B valuation by KptMarchewa on Tuesday February 25, 2020 @08:23AM (#22412953)
That's due to PEP regulations.
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Re:Revolut raises $500M at a $5.5B valuation by randunel on Tuesday February 25, 2020 @09:08AM (#22413275)
So members of the other 20-30 parties are not PEP? What about councillors of other counties, would they not be PEP?

Specific organisations were targeted.

[ Parent | on HN ]
Re:Revolut raises $500M at a $5.5B valuation by KptMarchewa on Tuesday February 25, 2020 @09:55AM (#22413649)
Maybe data of this guy was matched with data provided by some external screening provider with the data of a politician? What's the point of asking them if they were a member of some other party if they only expect him to be a member of that specific one.
[ Parent | on HN ]