The eu it self has a faceless committee that debanks people without a day in court or any oversight.
The us also freely debanks people (and their family!) in the eu without any kind of legal process.
https://www.lemonde.fr/en/opinion/article/2025/07/26/europea...
Banks are said to be required to state a reason for refusing or freezing an account but at the same time they may not disclose reporting you.
So they are pretty much free to not respond.
https://www.eccnet.eu/news/ecc-net-calls-stronger-enforcemen...
Yepo, that's scarier to me than big-tech closing my email account. The issue is HN users defend the EU on its trigger happy ability to debank its citizen without a court trial.
Which committee is that?
>Banks are said to be required to state a reason for refusing or freezing an account
Such requirements tend to exist only in the case of basic PAD accounts.
>but at the same time they may not disclose reporting you.
So? Reporting you does nothing.
>What would happen if they skip/delay the reporting part?
They wouldn't. Typically banks take the approach of filing as many reports as they can. If you're overeager in filing the reports, nobody will look at them and you will not be blamed for not filing those reports.
Google for something along the lines of "suspicious activity report flooded" and you'll find endless stories demonstrating how ineffective these systems are.
I'm sure what they did was illegal, the problem with such cases is that even if you take them to court and win, you'll still lose a lot of time, money and stress in the process of fighting a bank in court, while for the bank the lawsuit is just another small business expense.
Centrain industries and businesses tend to act above the law even if they know they're in the wrong simply because the punishments if they get caught are too lax.
That's why I'm a big fan of direct personal accountability. Like the person working at the bank who made the choice to close the accounts should go to jail. Because otherwise nefarious people simply hide behind the accountability shield of a large org where nobody is responsible for anything and accountability is always deflected.