Can a Bank Legally Freeze your Funds?
If a bank suspects that funds in an account are involved in money laundering or other illicit activities, they have the authority to freeze or hold the funds temporarily.
If a bank suspects that funds in an account are involved in money laundering or other illicit activities, they have the authority to freeze or hold the funds temporarily.
Know Your Transaction” (KYT) is a term that refers to the process of monitoring and gathering information about financial transactions to identify any suspicious or potentially illegal activities.