Monzo / Mondo / Revolut banking

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greeno

Monzo turning the screw on this. Do you legally have to supply your salary, job details and tax residency info to a bank?

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BCarley in reply to @greeno

Monzo/banks have an obligation to do “Know Your Customer” to avoid money laundering. They historically had very lax rules which meant they could sign anyone up but got slapped in the end of July for breaches. I think they’re moving to tighten up to avoid further slapping.

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chez_jay in reply to @BCarley

They historically had very lax rules which meant they could sign anyone up but got slapped in the end of July for breaches.

Agile product development innit

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