Re:People don't want to run their own bank
by f38zf5vdt on Friday February 04, 2022 @11:05AM
(#30208573)
Completely true. See "World-Check". [1] There are a number of these products and all the major banks use them to vet customers.
[1] https://www.vice.com/en/article/pak7wb/exclusive-secret-blac...
And even if your account doesn't get closed immediately you are still subjected to invasive KYC procedures, even if you haven't done anything wrong. Failure to comply of course leads to your account being closed.