Freezing accounts: The law and banks' obligation to follow it

[megamaster]

@JustJordds

Its a difficult one because if (speaking holistically about the law) enforce on a “suspicion” to withdraw the risk of false positives, how many instances of money laundering, terrorist funding, fraud etc would you miss, or allow to operate for that little bit longer.

The biggest problem I see is having private entities (banks) making the decisions and taking action against their clients without being ordered by a judge. I don’t know how this is allowed to happen in the UK, US and some other countries