[zxspectrum1982]

Yes, this is typical and normal and required by law. I worked in banking for years, in Europe.

Do you want to screw someone with very little effort? Send a wire transfer to that person and set reference to "contribution to Al Qaeda", "payment for bombs" or something stupid like that. That will match some filters, raise alarms and trigger money laundering, counter-terrorism, etc protocols. The receiving bank must investigate the issue so they will block the transfer and most probably even the receiving account. Very funny. Not.