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Revolut CFO resigns following money laundering controversy

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Re: Revolut CFO resigns following money laundering controversy

#211

Post by adambyrtek »

appsonify wrote: post #191

Revolut has offices in these locations as well: Kraków, PL 1 Stanisława Klimeckiego Moskva, RU Nizhniy Susalnyy pereulok How likely are these locations likely to cooperate to say a DOJ investigation? Especially the one in Moscow out of all places....

I'm not sure where you are from, but it sounds really ignorant to put two completely different countries in the same bag. I don't even know why DOJ would need to be involved, but if that ever happens Poland is likely to comply as a member of NATO with vested interest in maintaining a good relationship with the US [1].

[1] https://en.wikipedia.org/wiki/Poland%E2%80%93United_States_r...

Re: Revolut CFO resigns following money laundering controversy

#213

Post by james_s_tayler »

Canada wrote: post #172
james_s_tayler wrote: post #51

Earlier quoted context omitted.

If you truly don't understand why there are anti money laundering laws I suggest you go commit some crimes for large financial gain and then figure out what the hell to do with the money such that you can use it.

There's clearly two schools of thought debating here. One is that there should be a presumption of innocence, and the other is that there should be random warrantless checkpoints everywhere to catch the bad guys.

It's not even a debate at this point. Been settled for a while now.

Re: Revolut CFO resigns following money laundering controversy

#214

Post by IfOnlyYouKnew »

Robin_Message wrote: post #125
sschueller wrote: post #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 whil…

Out of interest, do you feel so strongly that money laundering should be prevented that you are unwilling to do business with a company that might be not doing enough to prevent it? If not, what is it that Revolut has done according to this article that makes you want to quit?

Revolut is not insured by FSCS, the standard UK deposit insurance scheme (because it's not a "bank", it's "something something digital").

They say all money is parked in a trust account at a regular bank in Lithuania. But I wouldn't want to be involved in testing how well that setup hold up in court.

Re: Revolut CFO resigns following money laundering controversy

#215

Post by sorokod »

IfOnlyYouKnew wrote: post #210
sschueller wrote: post #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 whil…

Send a letter, by certified mail if not prohibitively expensive: 9th Floor 107 Cheapside, London, United Kingdom, EC2V 6DN "Cheapside", indeed!

Cheapside is market in old English. Cheap is similar to Shop.

Re: Revolut CFO resigns following money laundering controversy

#216

Post by jscholes »

jypepin wrote: post #204
ucha wrote: post #182

Earlier quoted context omitted.

Do you have a source? Because they don't.

sorry I'm mistaken with something else but can't remember what!

> sorry I'm mistaken with something else but can't remember what!

Probably N26[1], who use TransferWise for in-app currency exchanges[2][3].

[1] https://www.n26.com/ [2] https://transferwise.com/help/article/2340141/euro-transfers... [3] https://n26.com/en-eu/transferwise

Re: Revolut CFO resigns following money laundering controversy

#217

Post by sad_trombone »

jmalicki wrote: post #189
Al-Khwarizmi wrote: post #175

Earlier quoted context omitted.

I travel quite a lot and I've had a few problems paying with the Revolut card, but not more than with my traditional bank credit cards (for example a few years ago, my card from a normal bank wouldn't work in Qatar, to this day I don't know why). I have learned on my own skin that travelling with a single card is not a good idea. I always have two (plus some hard cash just in case). But Revolut has became my first ch…

Completely standard in the US... I am surprised that's legal that they're not charging you for that (since it likely means they're not paying the restaurant that money)

IMHO it doesn't seem legit that they can initiate transaction for X amount, give you a receipt where you can write amount Y, and then charge you for X+Y sometime later.

I really don't want to deal with my bank if by some chance amount Y is not what I wanted.

From my (European) point-of-view this seems completely ridiculous, since here I see the actual amount before I have to swipe/insert the card into the device.

However, I completely agree with you that it's not fair to the restaurant/workers if they don't actually get the tip.

Re: Revolut CFO resigns following money laundering controversy

#218

Post by patrickmcnamara »

pas wrote: post #130
robotmay wrote: post #99

I ditched Revolut last year and moved to Starling, pretty much entirely because I was sick of them trying to fucking sell me stuff in a "banking app" (they weren't a registered bank at the time, AFAIK). It became near impossible to actually use their app due to the amount of marketing horseshit being rammed through it, so I left, moved to Starling (which is fantastic) and I'll never go back. In fact Starling has been…

> Starling Seems to be UK only :/

There was supposed to be an expansion to Ireland but it seems that it is seriously delayed.

Re: Revolut CFO resigns following money laundering controversy

#219

Post by AstralStorm »

kilroy123 wrote: post #50
wil421 wrote: post #42

Earlier quoted context omitted.

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?

It is, if you agree to do it. In current version of capitalism, person applying for a job has almost no rights except perhaps GDPR.

Re: Revolut CFO resigns following money laundering controversy

#220

Post by DyslexicAtheist »

lelima wrote: post #146
DyslexicAtheist wrote: post #77

Money laundering is totally OK as long as you do it on a large enough scale /s: https://www.ft.com/content/527fe170-3b79-11e9-b72b-2c7f526ca...

Are you a drug Dealer dude? JK

I sell potatoes on an .onion site.

They are high quality potatoes.

You want some?

One for two - special price for you!

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