Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

A change of address led to our Wise accounts being shut down

shaun.nz

Post reply on HN
Print view View original

261–270 of 275 posts

Re: A change of address led to our Wise accounts being shut down

#261

Post by Max-Ganz-II »

jesterson wrote: post #251
Max-Ganz-II wrote: post #193

Earlier quoted context omitted.

It was possible to make transfers to the military support account for about two weeks after war started; then it was blocked. Transfers to other accounts were still possible.

Amount of theft from “military” accounts in Ukraine is staggering, if anyone would ever be interested to figure out. Everyone know that except people blindfolded by the world “military” and deluded to think money there would be used on anything else but beneficiaries whims.

Supporting evidence, please. So far you've made claims only - "everyone knows".

Kyiv Independent, who are pretty good at this and are on the spot, do not report large scale or significant military corruption. They have found and report on pretty corruption (individuals selling personal weapons). I note EU and US are very interested in keeping track of where the money is going.

Re: A change of address led to our Wise accounts being shut down

#262

Post by lmm »

disgruntledphd2 wrote: post #259
lmm wrote: post #236

Earlier quoted context omitted.

Financial institutions are far from passive bystanders in the legal process that creates those laws, much less the regulatory process that applies them in practice. Binance is frankly probably the lesser evil at this point.

> Financial institutions are far from passive bystanders in the legal process that creates those laws, much less the regulatory process that applies them in practice. Binance is frankly probably the lesser evil at this point. Ok, help me understand here. Like, the laws are passed by governments. The financial institutions complain but comply to some extent. How does this benefit said financial institutions? Or am I m…

> Like, the laws are passed by governments.

Sure, but do you think the government writes them themselves? Without any input from the industry?

> How does this benefit said financial institutions?

One of the best ways to get ahead in finance is to get a regulation passed that's easy for you to comply with but hard for your competitors. That's what drives a lot of the laws.

Re: A change of address led to our Wise accounts being shut down

#264

Post by ThePowerOfFuet »

lxgr wrote: post #218
rtpg wrote: post #175

Earlier quoted context omitted.

I don't know about the rest of the EU but France just has national ID cards with your address printed on the back! No need for anything fancy there. In both Australia and Japan there are tax numbers used for corporate identity verification (remember: here we're talking about a Wise account used for a business)

> France just has national ID cards with your address printed on the back! No need for anything fancy there. Is a scan/photo of a government ID that much more reliable, though? Physical IDs are designed to be validated in person because they're hard to replicate. That's not the case for a scan/photo of an ID.

>Is a scan/photo of a government ID that much more reliable, though?

There is a DataMatrix barcode containing the same data plus a digital signature from the government. The Wikipedia page for this specific barcode happens to show the back of the French national ID card as its example:

https://fr.wikipedia.org/wiki/2D-Doc

Re: A change of address led to our Wise accounts being shut down

#265

Post by disgruntledphd2 »

lmm wrote: post #262
disgruntledphd2 wrote: post #259

Earlier quoted context omitted.

> Financial institutions are far from passive bystanders in the legal process that creates those laws, much less the regulatory process that applies them in practice. Binance is frankly probably the lesser evil at this point. Ok, help me understand here. Like, the laws are passed by governments. The financial institutions complain but comply to some extent. How does this benefit said financial institutions? Or am I m…

> Like, the laws are passed by governments. Sure, but do you think the government writes them themselves? Without any input from the industry? > How does this benefit said financial institutions? One of the best ways to get ahead in finance is to get a regulation passed that's easy for you to comply with but hard for your competitors. That's what drives a lot of the laws.

> One of the best ways to get ahead in finance is to get a regulation passed that's easy for you to comply with but hard for your competitors. That's what drives a lot of the laws.

This I totally agree with, however, the AML/KYC laws are not those kind of laws. They are super expensive for basically every financial institution, for dubious returns. And yet, governments love them. The US basically forced the Swiss to introduce these laws post GFC, which doesn't sound like it was driven by the Swiss financial institutions.

And literally the first paragaph of the Wikipedia article (https://en.wikipedia.org/wiki/Bank_Secrecy_Act) notes that loads of people sued when the act was introduced, suggesting that it wasn't driven by industry pressure.

Like, it's interesting that these laws are the template for all the ChatControl/break encryption type stuff. Governments already have all the financial information and they see no reason why they shouldn't have everything else.

Re: A change of address led to our Wise accounts being shut down

#266

Post by jesterson »

hkpack wrote: post #253
jesterson wrote: post #241

Earlier quoted context omitted.

> Can you provide any sources for this? Thats common knowledge for everyone even tangentially related to finance industry and likely for anyone who ever did international business with cross border payments . Not sure what kind of "sources" you expect to see here. > Ukraine had very strict banking rules for at least a decade Perhaps for it's own populace, but not for it's rulers and those who they work with.

Okay, so basically you’ve read some “anonymous sources” and decided they are true. Because for me, as a person who did international business from Ukraine it makes absolutely zero sense to launder through Ukraine as it is: 1) no part of any union, so you will be unable to spend or move money outside. 2) it has extreme bank regulation, and you cannot just send money outside without cause. Receiving and sending money f…

It’s advisable not to judge within your limited worldview. Not everyone “reads” mainstream media, some people have real world experience.

Your arguments regarding why Ukraine can’t be used for money laundering are laughable and just show you are now aware how certain things in financial world work. That’s totally fine - but it gets distorted when some extended judgements are made based on very limited worldview.

Re: A change of address led to our Wise accounts being shut down

#267

Post by spixy »

jmacd wrote: post #190
novok wrote: post #163

This was very obviously written with ChatGPT. The structure, emojis, emdashes and contrasting sentences. Surprised nobody is calling it out. IMO save us time and just give us the original short version you wrote to ChatGPT

You can tell just from the title alone. I am currently employing a consultant for something. It's something I don't want to do myself and they are doing what I need, but it's so painfully obvious they are just vanilla ChatGPTing everything it's almost funny at this point.

How can you tell from title alone? I am clueless.

Re: A change of address led to our Wise accounts being shut down

#268

Post by jesterson »

Max-Ganz-II wrote: post #252
jesterson wrote: post #243

Earlier quoted context omitted.

> Russia invaded Ukraine, inflicting untold horror, and Russia is a threat to Europe. Realistically it is way more nuanced than that. Its a juvenile worldview to think in black and white. Not willing to start any discussion on the matter, but you may want to know about massacres ukraine did in it's eastern side. After all, the russian invasion wasnt that unprovoked at all (albeit as any force causing many to suffer,…

> Not willing to start any discussion on the matter, but you may want to know about massacres ukraine did in it's eastern side. This is a Russian narrative. > After all, the russian invasion wasnt that unprovoked at all This also is a Russian narrative. It seems to me you have been from some source been absorbing Russian material. Putin is a dictator. A few years after he came to power in 2000, Russia was once again…

> This is a Russian narrative.

What is the "russian narrative"? Whats is this made up definition?

> Putin is a dictator.

Based on what?

> Russia was once again living in fear; you did not speak out

I don't think Russia is living in fear, neither I should be speaking out as I am not in any way related to it.

> It looks from material being produced by Putin, the State and the military Russia by about 2010 was looking to take Ukraine

Doubt this is true.

> Putin had his man running Ukraine - into corruption and thuggery

Yea, all presidents/PMs were "his men". If this is not propaganda what you are desperately trying to do (and you do it quite poorly I must admit), then I don't know what propaganda is.

> Ukraine wanted, and wanted, freedom

Thats why ukraine sold everything it had, including it's rare minerals for years to west :) We certainly have different definitions of freedom.

> Putin wants to possess Ukraine,

There is no proof for that. What "posess" means?

Re: A change of address led to our Wise accounts being shut down

#269

Post by hkpack »

jesterson wrote: post #266
hkpack wrote: post #253

Earlier quoted context omitted.

Okay, so basically you’ve read some “anonymous sources” and decided they are true. Because for me, as a person who did international business from Ukraine it makes absolutely zero sense to launder through Ukraine as it is: 1) no part of any union, so you will be unable to spend or move money outside. 2) it has extreme bank regulation, and you cannot just send money outside without cause. Receiving and sending money f…

It’s advisable not to judge within your limited worldview. Not everyone “reads” mainstream media, some people have real world experience. Your arguments regarding why Ukraine can’t be used for money laundering are laughable and just show you are now aware how certain things in financial world work. That’s totally fine - but it gets distorted when some extended judgements are made based on very limited worldview.

So enrich my and other peoples world view - this is what this forum is about. Instead of saying "I'll leave it to your imagination", please provide any substance of your claims - anything we can talk about.

Since you didn't I have to guess, what you are talking about.

Re: A change of address led to our Wise accounts being shut down

#270

Post by jesterson »

Max-Ganz-II wrote: post #261
jesterson wrote: post #251

Earlier quoted context omitted.

Amount of theft from “military” accounts in Ukraine is staggering, if anyone would ever be interested to figure out. Everyone know that except people blindfolded by the world “military” and deluded to think money there would be used on anything else but beneficiaries whims.

Supporting evidence, please. So far you've made claims only - "everyone knows". Kyiv Independent, who are pretty good at this and are on the spot, do not report large scale or significant military corruption. They have found and report on pretty corruption (individuals selling personal weapons). I note EU and US are very interested in keeping track of where the money is going.

Sapienti sat. Just because your favourite media piece does not report something it doesn't mean things don't exist.

> I note EU and US are very interested in keeping track of where the money is going.

That's funny :)

Post reply on HN