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A comment on Saving money on international payments as a remote freelancer. Parent comment

Re:Saving money on international payments as a remote freela... by mschuster91 on Monday April 13, 2020 @07:01AM (#22854713)
US/EU banking / antiterrorism regulations apply to any entity worldwide which wants to do business in the respective markets.

Assuming that there are two parties interested in doing a hawala exchange in two countries where this is legal, they still cannot (openly) use a bank that does business in US/EU because if the bank knowingly executes that transaction they could be facing serious fines.

[ Parent | on HN ]
Re:Saving money on international payments as a remote freela... by markdown on Monday April 13, 2020 @07:19AM (#22854816)
Sure, but this is merely UK food safety regulation we're talking about. It is illegal in the UK to trade in kava for consumption (based on a German court decision that's since been thrown out). Kava is legal almost everywhere else in the world.

The grandparent comment is about how the CEO of TransferWise is obsessed with customer satisfaction. If X is banned on TransferWise, then TransferWise should say so in their AUP.

To simply lock accounts out of the blue is ridiculous.

[ Parent | on HN ]