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Posted
4 minutes ago, mfd101 said:

Governments everywhere using modern technology to enforce the laws. Only those who constantly try to dodge the laws (and thus get an advantage over everyone else) need worry.

Which I guess is why the Government are not using the same powers to go after tax evasion.

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Posted
33 minutes ago, mfd101 said:

Governments everywhere using modern technology to enforce the laws. Only those who constantly try to dodge the laws (and thus get an advantage over everyone else) need worry.

Nah, even innocent people and companies are being scrutinised or have their lives turned upside down.

 

here is one link and there are many other horror stories online.

 

https://www.nytimes.com/2023/11/05/business/banks-accounts-close-suddenly.html

 

Why Banks Are Suddenly Closing Down Customer Accounts

Surprised individuals and small-business owners can’t pay rent or make payroll, and no one ever explains what they did wrong.

 

Just a unilateral action by govt and their banks.

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Posted
1 hour ago, freeworld said:

Nah, even innocent people and companies are being scrutinised or have their lives turned upside down.

 

here is one link and there are many other horror stories online.

 

https://www.nytimes.com/2023/11/05/business/banks-accounts-close-suddenly.html

 

Why Banks Are Suddenly Closing Down Customer Accounts

Surprised individuals and small-business owners can’t pay rent or make payroll, and no one ever explains what they did wrong.

 

Just a unilateral action by govt and their banks.

OK so, accepting that, the question is Why? I don't imagine banks close down accounts for the love of closing down accounts ...

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Posted
29 minutes ago, mfd101 said:

OK so, accepting that, the question is Why? I don't imagine banks close down accounts for the love of closing down accounts ...

How can one find out if they will not tell you.

Posted
54 minutes ago, freeworld said:

How can one find out if they will not tell you.

 

   Its usually because some authority is investigating your bank account as they suspect something fraudulent going on and the Bank cannot tell you because it could effect the investigation 

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