4 ms·
It doesn't go that far. These are part of the Know Your Customer type of law. These have increasingly been pushed as part of anti money laundering onto banks, i
by giantg2 1y ago
It doesn't go that far. These are part of the Know Your Customer type of law. These have increasingly been pushed as part of anti money laundering onto banks, investments, and processors. If a company is selling illegal things or things that even could potentially be illegal, then they get blacklisted. Similar thing to pot companies.
- ascagnel_ 1y agoMarijuana sales, at least in the US, are a whole different can of worms, because marijuana exists as kind of a Schroedinger's illicit substance: its legal at a state level in most US states, while simultaneously illegal at the federal level. Anyone with a multi-state footprint that exists in that transaction chain could be held liable.
- ddtaylor 1y agoAnd they have threatened payment processors, etc. basically anyone who gets to big.