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I'm saying that the bank gets royally fucked if they ever tell anyone who is even suspected of money laundering anything, so as a result they simply don't tell
by YawningAngel 5y ago
I'm saying that the bank gets royally fucked if they ever tell anyone who is even suspected of money laundering anything, so as a result they simply don't tell anyone anything. Whether the GP actually did it or not isn't really relevant because banks would rather lose a customer than incur the regulator's ire.
- stavros 5y agoAh I see, thank you.
- melevittfl 5y agoI’m sure you know this, but it’s not just regulator’s ire. It is a criminal act in and of itself to disclose that someone is a target of an investigation. And it’s not just a criminal act for the organisation, but the individual customer service agent can be held personally criminally liable for disclosing, even accidentally. So yeah, they have a really strong incentive not to tell you anything.