4 ms·
I suppose. It's kind of hard to thank them when they blatantly mis-classified my personal bank account as one that needs to implement an anti-money laundering p
by redefined 11y ago
I suppose. It's kind of hard to thank them when they blatantly mis-classified my personal bank account as one that needs to implement an anti-money laundering program, though.
- kazinator 11y agoI don't live in the USA so I don't know, but it seems likely that the requirement for that classification probably came from the government. The bank isn't spontaneously going to reclassify your account for no reason. A personal account could be used to launder money, so if personal accounts are exempt, that's obviously what money launderers will use. If you're going to look for suspicious account activity, you can't go by the "static type" of the account but by "how it quacks", so to speak.
- redefined 11y agoI appreciate your point and don't disagree. I guess I'm just saying that even though I have a record of every payment made to my children, clearly showing the legitimate destination accounts, and there is no other activity they queried, and I explained everything in writing to the bank, they still chose to classify my account as an MSB. It reminds me of how the Inquisition types used to "prove" a woman was a witch: put her in a ducking stool and throw her in a lake. If she floats, she's a witch, so burn her at the stake. If she sinks and drowns, she's innocent, but she'll go to heaven, so it's all ok. Either way she's fucked. That's kind of how I feel: the more you prove your innocence, the more guilty you are. I suppose I'm making a fuss to make a statement about our steadily eroding freedoms, and the gradual onset of totalitarianism in the USA, all in the name of protecting we, the people. (I shouldn't complain, though; I could still be living in South Africa.)