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Revolut CFO resigns following money laundering controversy

techcrunch.com

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Re: Revolut CFO resigns following money laundering controversy

#4

Post by entity345 »

Anti-money laundering regulations are completely crazy these days.

I recently opened a child bank account (in the UK) and the application form had one page for parents and child's details then 5 pages related to money laundering...

Edit: here we are... Send in the immature downvotes.

Re: Revolut CFO resigns following money laundering controversy

#6

Post by dazc »

entity345 wrote: post #4

Anti-money laundering regulations are completely crazy these days. I recently opened a child bank account (in the UK) and the application form had one page for parents and child's details then 5 pages related to money laundering... Edit: here we are... Send in the immature downvotes.

I kinda agree but money laundering is a big problem too.

Re: Revolut CFO resigns following money laundering controversy

#7

Post by k4ch0w »

gondo wrote: post #3

also CEO of Revolut: "Why aren’t you working on weekends?" https://twitter.com/phillipcaudell/status/110108122935141580...

Wow... I'm genuinely shocked at the at the 27 GET IT DONE clicks. I mean this probably worked for that one weekend and until people got their bonus, but I bet you the moment the people had their bonus they would leave. It's a good sprint strategy but costs you talent and talent hiring in the long run.

Re: Revolut CFO resigns following money laundering controversy

#8

Post by unparagoned »

entity345 wrote: post #4

Anti-money laundering regulations are completely crazy these days. I recently opened a child bank account (in the UK) and the application form had one page for parents and child's details then 5 pages related to money laundering... Edit: here we are... Send in the immature downvotes.

Blame the banks then. The regulations are only like this since the banks have consistently and deliberately facilitated money laundering.

Re: Revolut CFO resigns following money laundering controversy

#9

Post by saagarjha »

dazc wrote: post #6
entity345 wrote: post #4

Anti-money laundering regulations are completely crazy these days. I recently opened a child bank account (in the UK) and the application form had one page for parents and child's details then 5 pages related to money laundering... Edit: here we are... Send in the immature downvotes.

I kinda agree but money laundering is a big problem too.

Somewhat off topic, but I’ve always thought of money laundering as kind of a “lame” crime: it’s what the government charges you with when you seem suspicious but it can’t figure out what you did.

Re: Revolut CFO resigns following money laundering controversy

#10

Post by fargo »

entity345 wrote: post #4

Anti-money laundering regulations are completely crazy these days. I recently opened a child bank account (in the UK) and the application form had one page for parents and child's details then 5 pages related to money laundering... Edit: here we are... Send in the immature downvotes.

If anything, anti-money laundering regulations are not even nearly enough
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