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You seem to imply EU regulators do not require european banks to "comply with basic financial corruption protections". Any source to that? What comes to europe
by beefield 3y ago
You seem to imply EU regulators do not require european banks to "comply with basic financial corruption protections". Any source to that?
What comes to european banks not wanting to do anything with US related entities, my understanding is that the primary reason is the non-trivial amount of red tape and legal risks associated with US entities weighted against relatively small amoumt of pontential customers.
- mardifoufs 3y ago>my understanding is that the primary reason is the non-trivial amount of red tape and legal risks associated with US entities That's also the reason why some corporations don't bother with GPDR!
- RestlessMind 3y ago> non-trivial amount of red tape and legal risks It seems you are also describing GDPR