Live data from Hacker News

Revolut CFO resigns following money laundering controversy

techcrunch.com

41–50 of 256 posts

Re: Revolut CFO resigns following money laundering controversy

#41
post #35
post #30

Earlier quoted context omitted.

Use private mode, outline.com, archive.is, fake a google/facebook/twitter referrer, disable javascript, google cache, remove your cookies, etc

And which one of those works for https://www.telegraph.co.uk/technology/2019/02/28/revolut-fa... ?

[flagged]

Re: Revolut CFO resigns following money laundering controversy

#42
post #3

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

Why would anyone work for a company like this? You startup folk are much better than this! Thankfully this person pushed back.

Why would you ever put up with something like this? I would laugh at the recruiter or manager if I was asked to do something like this. It’s akin to that door to door knife company that takes advantage of college kids.

There was a wired article in the twitter link you provided.

>She did a 30-minute job interview over Google Hangouts with the London-based head of business development, Andrius Biceika, and was immediately told she had passed to the next round, which would involve a small test. “The surprise came when I received the task and it asked me to get the company as many clients as possible, with each one depositing €10 into the app,” says Laura.

The instructions on the exercise said the applicants should recruit at least 200 clients in a week to have a chance at passing to the next interview phase. The task’s description didn’t guarantee that reaching the target would automatically qualify applicants for a job, but did advise them on a number of ways they could get clients, such as sharing a “promo code” with their friends, sharing it on social media, and posting promotional flyers on university campuses.

After Laura wrote back refusing to do the task and saying she was disappointed that the company would “take advantage of someone that is looking for a job”, Biceika emailed her saying she was the only candidate out of over 350 that had complained about the task. “Apologies you're not up to show what you're capable of,” he wrote in the email.

Re: Revolut CFO resigns following money laundering controversy

#43

Blog post just out stating that resignation not related. https://blog.revolut.com/let-me-sec-the-record-straight/

>This roll-out did not result in a money-laundering breach At no point during this time did we fail to meet our legal or regulatory requirements. We conducted a thorough review of all transactions that were processed during this time, which confirmed that there were no breaches. Unfortunately, this fact was not included in the original news story. This roll-out did not result in a breach of any sanctions or money laundering laws and requirements - so we did not send a formal notification to the regulator.

Maybe they should have notified the regulator. But knowing how he drives his staff I reluctantly understand where he's coming from.

Re: Revolut CFO resigns following money laundering controversy

#44

Earlier quoted context omitted.

Spot on! How much productivity is lost due to turnover and re-hiring?

“Doesn’t matter those people weren’t committed enough so we’re better off without them.” Yes, some people actually use that justification.

What worries me is that in some cases it takes years until something makes them see how ridiculous of a conclusion this is.

Or even worse: sometimes that doesn't happen at all.

Re: Revolut CFO resigns following money laundering controversy

#45
How do I cancel my account? Nothing in the FAQ and support chat in the app is trying to sell me a metal card.

EDIT: found it: https://www.revolut.com/help/profile/i-want-to-terminate-my-...

EDIT2: What a shit show, I have been trying to delete my account for more than 30 minutes now. When you chat through the app you are first connected to a bot which you need to tell you want to talk to a human, after waiting a while you finally get a human which then tells you to authenticate your self by signing into the app!? So thinking something must be borked with the app I close it and go back in only to find out I am back at the end of the queue for support chat which is now "experiencing high volumes"...

EDIT3: I still have an account :( the wait is 1 hour now... I can't find any emails address to send me account termination to. WTF

EDIT4: Still trying to find where to send my termination email or GDPR complaint (where do I find who the data protection officer is?). I Found that the address listed on their website is not the same as the one in the UK company registry: https://beta.companieshouse.gov.uk/company/08804411

EDIT5: Crunchbase has "support@revolut.com" listed so I will give that a try.

EDIT6: "Your message wasn't delivered to support@revolut.com because the address couldn't be found, or is unable to receive mail." :(

Re: Revolut CFO resigns following money laundering controversy

#47
post #3

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

I really don't see a problem with this. It's not the "working on weekends" that's the issue, it's KPIs. If you promise something, deliver it. If you don't think you can, don't promise it!

Re: Revolut CFO resigns following money laundering controversy

#50
post #42
post #3

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

Why would anyone work for a company like this? You startup folk are much better than this! Thankfully this person pushed back. Why would you ever put up with something like this? I would laugh at the recruiter or manager if I was asked to do something like this. It’s akin to that door to door knife company that takes advantage of college kids. There was a wired article in the twitter link you provided. >She did a 30-…

What the hell, is that even legal?
Post reply on HN