Fight against money laundering and corruption The idea was to block “dirty” funds, but the bank got it wrong by blocking non-suspicious accounts.
Overnight, your account is blocked without warning you or telling you why. And it might even be your only account. If so, here you are “broucouille”.
It’s trash! But not illegal… An institution can block or close who, when and how it wants. Permanently or temporarily. In general, the banks do it on their own initiative within the framework of a monitoring, when an inflow of money is so important that it may appear suspicious. The hypothesis of money laundering or corruption is then posed. And there is an investigation.
In the case that concerns us today, it was under the injunction of the German supervisor that the German digital bank N26 had to do its duty of monitoring. In the end, she decided in the quick, since April 14. Without warning or explanations a posteriori to the customers. And far too massively following an error (see opposite)…