Quote:
Originally Posted by MichaelP
It's part of a new regulation called KYC (Know Your Customer)... To prevent Frauds, Maonay Laundering, and Terrorism Funding...
If you are Clean & Legit, I don't see the issue 
"In the USA, KYC is typically a policy and process implemented to conform to a customer identification program (CIP) mandated under the Bank Secrecy Act and USA PATRIOT Act[1]. Know your customer policies are becoming increasingly important globally to prevent identity theft, financial fraud, money laundering and terrorist financing.... "
FYI : http://en.wikipedia.org/wiki/Know_your_customer |
This might explain why my bank just closed my accounts... after 19 years and 10 months of being their client. They told me that, "...there were problems with where some of my transactions were originating from or going to...". As I don't do anything illegal (or also, as the bank manager explained to me, being involved in gambling, the marijuana trade, or receiving large amounts of money from international sources), I take that to mean they figured out I was dealing with people in the porn industry on a regular basis.
Please post on GFY if your bank, in the process of getting to know you, terminates your account(s) too. Thanks.