Quote:
Originally Posted by CrocMint
I just know that all financial services that are opening accounts online and are working with international clients usually require same amount of documentation, or offer very limited accounts/access. Those who don't have strong KYC - they soon close due to fraud, or loose card license or something like that.
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Correct.
Between the IRS and the Patriot Act stuff, the world governments (not just U.S.) are cracking down on this stuff for any number of reasons under the guise and fear of terrorism. It is more a less allowing them to know where every dime of your money is coming and going in the end. With 99% of the world not involved in terrorism.
"They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety." - Benjamin Franklin