AML - Adam Tracy

Can a Bank Legally Freeze your Funds?

June 1, 2023 by Adam Tracy

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.

What is Know-Your-Transaction?

May 17, 2023 by Adam Tracy

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.

Blockrunner, LLC., is a financial services match-making marketplace and consulting company. We are not a bank, FI/NBFI, Payment Service Provider, deposit taking institution, trust, or money services business of any kind. We are not regulated by any financial regulator. Banking, Payment, Processing, and Licensing services are provided by our participating members. This website is for informational purposes only and does not constitute legal advice. If you need legal advice, please consult a licensed attorney in your jurisdiction.