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.
Banking as a Service (BaaS) refers to a business model that enables non-bank companies to offer banking products and services to their customers through partnerships with traditional banks or neobanks.