Looks like they're panicking after fucking up and are trying to demonstrate that they have put procedures in place.
All the rules around anti-money-laundering are just getting more and more onerous but loads of places are applying it on a flat basis rather than a risk-based approach.
Shutting innocent people's accounts down after they have been laundering money though. Fuck that shit. It's good enough reason for me to go elsewhere now before the close my shit down in 2 months.
Looks like they're panicking after fucking up and are trying to demonstrate that they have put procedures in place.
All the rules around anti-money-laundering are just getting more and more onerous but loads of places are applying it on a flat basis rather than a risk-based approach.