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by rootsudo
2103 days ago
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Agreed, the video and on surface reading is very much not what compliance/regulation enforcement action that banks really do. And then it's the hot potato, what is trust in a banking system if your money doesn't show up? What about holding the funds itself, creates a liability problem for the bank? I also am surprised this was written by "Buzzfeed news" too. -- I haven't dug into it fully, but, surface wise, it's truly a misrepresentation of the financial system, SWIFT, FEDWIRE and remittances. |
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