4 ms·
> Visa are themselves at risk of being shut down by the government if they knowingly allow payments for illegal activity. surely this is a joke. when was the
by ClumsyPilot 4y ago
> Visa are themselves at risk of being shut down by the government if they knowingly allow payments for illegal activity.
surely this is a joke. when was the last time government has shut down a major financial institution? From 2008 securities fraud to HSBC being involved in laundering drug money, this never happens
- tflinton 4y agoGovernments shutdown financial institutions or threaten to pretty regularly. India suspended mastercard for failing to adhere to their new data privacy laws in 2018 (https://www.reuters.com/business/finance/mastercard-shifts-focus-southeast-asia-latam-after-india-ban-russia-exit-2022-05-26/ https://www.reuters.com/business/finance/mastercard-shifts-f...).
- digisign 4y agoRead as "heavily fine."