View Single Post
Old 10-09-2009, 12:09 PM  
frank7799
Confirmed User
 
frank7799's Avatar
 
Industry Role:
Join Date: Jul 2003
Location: In the middle of nowhere...
Posts: 1,974
Quote:
Originally Posted by Pornopat View Post
They want to know names of customers including websites and commercial purpose of the payment...
If your bank account is located in the EU and you are reaching a certain amount of turnover, the bank (and pretty much every other business) has to comply with the
"Directive 2005/60/EC of the European Parliament and of the Council of 26 October 2005 on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing".

This directive has become law in every EU country and maybe thats why they ask.
frank7799 is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote