Talking about over-compliance, you should check out Transferwise blocking access to every venezuelan in their system + IP block the access of every venezuelan I

Talking about over-compliance, you should check out Transferwise blocking access to every venezuelan in their system + IP block the access of every venezuelan IP [1], just cause sanctions against few individuals [2]. And then you have to read their BS ads that state: "We’re building money without borders" As reminder, Venezuela is under a heavy economical crisis, where more than 6 millions citizens (9 millions as per unofficial data) out of the 30 million total had to run away, this is more people than syrian refugees numbers (5,6m). What role transferwise had on venezuela? well, some of those that left, were using transferwise to send money to their families and friends still in venezuela, helping them feed themselves and buy medicines and cover their needs. Note that most of the money sent, wasnt even touching venezuelan banking system, as most venezuelans already have US bank accounts, money was just moving from lets say argentina (common country for a venezuelan to immigrate) to US, not to venezuela But transferwise decided that is better to block 20millions possible users in need of humanitarian help [4], because they didnt want to check if those users were in the OFAC list that is not even 100 people long. [1] https://i.imgur.com/26h0u2W.png https://i.imgur.com/26h0u2W.png [2] https://www.state.gov/venezuela-related-sanctions/ https://www.state.gov/venezuela-related-sanctions/ [3] https://en.wikipedia.org/wiki/Venezuelan_refugee_crisis https://en.wikipedia.org/wiki/Venezuelan_refugee_crisis [4] https://disasterphilanthropy.org/disaster/venezuelan-refugee-crisis/ https://disasterphilanthropy.org/disaster/venezuelan-refugee...