Quote:
Originally Posted by marcop
When the bank told me they were closing my account, I insisted on speaking to someone at the bank about it, and finally--after I kept going to see the local bank manager--a compliance officer called me. He mumbled stuff about how the government is closely monitoring banks as to where deposits are going and where funds are being sent... which doesn't make a lot of sense as my biggest client uses Wells Fargo, and the last time I had a wire from overseas was five years ago. But that was all I could get out of him. Earlier, the bank manager asked me if I was in the marijuana business, or in online gambling, or was getting a lot of wire transfers from abroad--no, to all three.
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Again, I think this is a local issue and at the discretion of the bank.
Are banks monitored on bank wires and such both domestic and abroad? Yes. My old college roommate works for Homeland Security and has told me plenty about what they both monitor, and have access too. Not just his department, but the IRS and alike. You can be sure if you're pushing any decent volume through your bank accounts, even bank wires or ACH from ad networks, that they know about it.
That said, there simply have to be a lot more to the stories as they are laid out on GFY. I am sure just because you have bank wires going all over the place coming and going is not enough for most banks to turn away your business.