Thread: So my bank is asking me questions about the payments I receive from ccbill...
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Old 10-09-2009, 12:20 PM  
Barefootsies
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Join Date: Feb 2005
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Quote:
Originally Posted by m4yadult View Post
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.
Thank you.

They also have a similar thing here that passed in the Patriot Act. Long story short, financial institutions are SUPPOSED to question, what they consider strange or out of the norm, or large dollar transaction. Especially when it comes to international wires, and payments over $3000 or 5000. I forget which.

So anyone in the U.S. claiming any kind of 'banking privacy' is a clueless asshat.

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Last edited by Barefootsies; 10-09-2009 at 12:22 PM..
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