Earlier quoted context omitted.
> The banks are usually unwilling to do them, and an individual may not be able to force them to in practice, but it's still possible in a way it's not possible with crypto. Generally they're unwilling to do that because it involves losing money for them. Transfers work in a multi-step process to ensure money isn't created. You tell Bank A to transfer money to person X at Bank B. Bank A tells an intermediary bank C t…
If Bank C is forced to take the loss, it'll be more careful in opening accounts for scammers to withdraw money. If Bank C is in a country that doesn't care to enforce such losses, then Bank B (or A if A is big enough) will think twice about deciding to do business with Bank B. Moving the cost of the scams onto the banks will strongly incentivize them to prevent the scams.
And then less people have bank accounts.
The scammer isn't necessarily the person with the final bank account. Its often somebody who was told they're managing payroll for some made-up company and they're going to get a 2k transfer and to keep 500 of it and withdrawal 1.5k of it as cash to do payroll.
While you may think that now only people who aren't scammers won't get bank accounts what actually is happening is that anybody that can be fooled doesn't get one.
https://www.bitsaboutmoney.com/archive/optimal-amount-of-fra...