Re:Money Laundering and AML Compliance
by wolongong942 on Friday February 10, 2023 @04:37PM
(#34746251)
Sites like Paypal and Skrill did this because they know most people would otherwise just cancel on sign up , and when you've got money locked in you have no choice but to complete verification. Thankfully i haven't had to deal with their crap in the past 4 years due to better options existing.
[ Parent
| on HN ]
Re:Money Laundering and AML Compliance
by IG_Semmelweiss on Friday February 10, 2023 @07:09PM
(#34747913)
You cannot end such a compelling sentence.. and not finish your thoughts in writing!!
What are the better options?
Re:Money Laundering and AML Compliance
by scrollaway on Friday February 10, 2023 @07:41PM
(#34748189)
wise.com for example.
Wise has brutal aml and zero kyc - I was abroad and using wise as I thought it intended, as a means to transfer from my US accounts to my EU accounts, both happy and kyc'd through the roof. Account closed, would you like to click a button that feigns an appeals process? Click here to have it instantly denied!
Hint: Starts with “adv” and ends with “cash”
Re:Money Laundering and AML Compliance
by alternatetwo on Friday February 10, 2023 @09:50PM
(#34749103)
My brother actually abandoned 50€ 10+ years ago because he refused to do that verification ... I wonder if he could actually get that money back in any way still ...