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.