Quote:
Originally Posted by Barefootsies
In their position, I'd hazard a guess that legally it's in their best interest as a business to play Sgt. Schultz. They are not alone in this however, hosting, and other online companies do as well for different reasons (i.e. safe harbor).
In short, unless it's brought to your attention,.... "You know nothing".
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And then comes a fair question about Know-Your-Customer requirements. Yes, it's easy to say or play the don't know-anything-'til-it's-brought-to-out-attention card, but aren't there regulations for what you, as a payments/money handler/processor/bank and other institutions handling large money streams are REQUIRED to ask and know, document about your clients?
My bank loves to ask those questions and they do it with a smile...
If I'm sending a wire abroad, here comes more questions! I do not know, but THINK it would be reasonable for payments processors to know what the payments are generally for.
But I could, in this case, be wrong.