11–20 of 256 posts
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.
The article summarizes much more original research from the Telegraph: https://www.telegraph.co.uk/technology/2019/02/28/revolut-fa... Alas, that is behind a paywall.
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.
It's not unethical behaviour. It's simple business. No-one in any business is going to ask where their customers got their money from, you just try to make customers spend their cash on you rather than a competitor.
Banks have to comply with the law, of course, but beyond that you cannot expect them to hurt their business for no reason. This "holier than thou" attitude is hypocrisy, frankly.
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.
Earlier quoted context omitted.
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.
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.
Earlier quoted context omitted.
Blame the banks then. The regulations are only like this since the banks have consistently and deliberately facilitated money laundering.
Banks' business is to manage money not to turn money away... It's not unethical behaviour. It's simple business. No-one in any business is going to ask where their customers got their money from, you just try to make customers spend their cash on you rather than a competitor. Banks have to comply with the law, of course, but beyond that you cannot expect them to hurt their business for no reason. This "holier than th…
also CEO of Revolut: "Why aren’t you working on weekends?" https://twitter.com/phillipcaudell/status/110108122935141580...
I guess Glassdoor is as close as it gets now, together with leaks on Twitter posted by the parent.