[salawat]

Actually, if you're on the OFAC list, many banks eill open sn account for you, and happily take deposits. They just will not let you withdraw. So Your claim that a bank cannot judiciously freeze your assets is a bit off.

And for the record, nanes going on the OFAC have blast radius. If the U.S. finds out terrorist X has an alias of Temperence Prudence, the other Temperence Prudence's out there can expect some disruption while compliance department's try to figure out if you're a terrorist or not. All without breathing a word of it to the customer.

I know, because I ended up having to troubleshoot that system. It is quite horrifying, and to say the least duplicitous.

[rich_sasha]

It’s not judicious of the banks to freeze assets, it’s set by government agencies. Banks just follow the rules.

I can well imagine the implementation of such rules is done badly, especially in US, but that’s a bit different to this sub thread I think.