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A comment on HSBC moved vast sums of dirty money after paying record laundering fine. Parent comment

Re:HSBC moved vast sums of dirty money after paying record l... by xvilka on Tuesday September 22, 2020 @05:00AM (#24552386)
This year they quadrupled their harassment of the common customers with the updates in the KYC and antifraud policy. It's close to be completely unbearable.

As we can see all these regulations do not help at all. It's better to scrap them whatsoever and just let law enforcement to do their job on following the trails themselves.

[ Parent | on HN ]
Re:HSBC moved vast sums of dirty money after paying record l... by ficklepickle on Tuesday September 22, 2020 @07:25AM (#24553239)
They are applying scrutiny to the wrong parties. Ever-more-strict KYC for individuals will never catch commercial clients, by design. That is not a reason to just give up.
[ Parent | on HN ]