Quote:
Originally posted by Slinx
PayPal is required by law to comply with European Union Anti-Money Laundering regulations to collect information from customers when they receive ?7.500,00 EUR or more in total payments. We regret this inconvenience and would like to assist you in getting your account issues resolved.
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unless i missed a recent update, that's bullshit. the law as i recall it talks about 7.5k or more in a lump sum, not accumulated.
and i doubt Paypal counts as bank, which are the entities that law actually targets.
without having checked up at this moment, i would guess Paypal hides behind a law that doesn't even affect it, to gain more info about its customers.
interesting move, and even more reason to not use my account anymore.