Re:Why Banks Are Suddenly Closing Down Customer Accounts
by landemva on Sunday November 05, 2023 @09:15PM
(#38158017)
> Regulators want to see a certain number of SAR and CTR filings
I didn't experience that when I was on board of directors.
In my personal affairs I had a checking account force closed because of their auditors - not the regulators. Rumors and myths about enforcement have internal people and contractor (compliance software) going too far. No recourse individually on this behavior.
I didn't experience that when I was on board of directors.
In my personal affairs I had a checking account force closed because of their auditors - not the regulators. Rumors and myths about enforcement have internal people and contractor (compliance software) going too far. No recourse individually on this behavior.