I’m opposed to AML for the obvious intense privacy invasions which followed the implementation, in addition to questions regarding who actually owns that money. Have you ever tried to withdraw $10K from a bank? In many countries, if you can’t provide a reason to the bank’s satisfaction, the bank will deny the attempt.
What if I just want to stash some money under my bed so I’m not SVBed? Perfectly legal - it’s my money - and in some countries, good luck with that “excuse.”
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I’m opposed to AML for the obvious intense privacy invasions which followed the implementation, in addition to questions regarding who actually owns that money. Have you ever tried to withdraw $10K from a bank? In many countries, if you can’t provide a reason to the bank’s satisfaction, the bank will deny the attempt.
What if I just want to stash some money under my bed so I’m not SVBed? Perfectly legal - it’s my money - and in some countries, good luck with that “excuse.”