It’s likely one or both of an anti-money laundering or fraud prevention measure.The last few times I did the transfer they asked me the reason for the transfer?
They know where the money comes from (my salary).It’s likely one or both of an anti-money laundering or fraud prevention measure.
Banks have regulatory obligations as well as own risk management.
It could be a fraud prevention measure. Of related to prevention of tax evasion either here or in US.They know where the money comes from (my salary).
What money laundering is possible from that?
If I transfer electronically to the US for other accounts it's not a question. I would transfer from revolut if the recipient would allow it (I know they don't allow transfer companies for anti money laundering and tax)It could be a fraud prevention measure. Of related to prevention of tax evasion either here or in US.
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