Agreed, the video and on surface reading is very much not what compliance/regulation enforcement action that banks really do.

And then it's the hot potato, what is trust in a banking system if your money doesn't show up? What about holding the funds itself, creates a liability problem for the bank?

I also am surprised this was written by "Buzzfeed news" too.

--

I haven't dug into it fully, but, surface wise, it's truly a misrepresentation of the financial system, SWIFT, FEDWIRE and remittances.