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A comment on Why Banks Are Suddenly Closing Down Customer Accounts. Parent comment

Re:Why Banks Are Suddenly Closing Down Customer Accounts by eunos on Sunday November 05, 2023 @11:55PM (#38159012)
This is one of the consequence of strong Anti Money Laundering law. Bank much prefers to avoid False Negative (letting money launderers operate).
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Re:Why Banks Are Suddenly Closing Down Customer Accounts by seanmcdirmid on Monday November 06, 2023 @01:07AM (#38159409)
It isn’t the bank’s preferences. Rather it is forced by the liability bestowed by them by the government. They don’t get the benefit of safe harbor like ISPs.
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