Yet accountability is so great for big offenders that one day they might preside over the European Central Bank.
> There is harsh punishment from both my company if not the government if KYC processes aren't followed correctly.
And that's why banks will just kick Amir who has only 3000 EUR on his account out of the platform. Why risk such a heavy punishment for a poor bloke?
I invite you to visit the reddit pages for N26, Revolut and similar banks. I don't think those threads about accounts being closed without justification are made by terrorists and money launderers.
It's big of you to admit, but you'll pardon me if I take what you say with a grain of salt when you tell me the extremely problematic industry you work in definitely is not a problem. You have a vested interest to believe this.
I can tell you, as someone who works in finance, that KYC rules are taken very, very seriously. The bigger the client, the more important they become. There is harsh punishment from both my company if not the government if KYC processes aren't followed correctly. Losing your job is the least of your worries if you're complicit in a case like that.