Help with FATF compliance and bank blocks

[trevorwatson]

My bank is asking for a mountain of documents regarding the source of my funds citing FATF regulations. Even after I provided everything they still keep my account limited. It feels like they are just looking for a reason to close my account. Has anyone else dealt with this kind of pressure? What are my rights if the bank refuses to give me access to my own money?

 

[Keed]

Banks are terrified of FATF audits so they often overreact. They call it "de-risking" but it just feels like harassment. If you have provided the proof of funds and they still block you, it might be a violation of your property rights. I suggest looking at www.humanrights-lawyer.com to see how they handle bank disputes and frozen funds. Sometimes a formal letter from a lawyer specializing in international law is enough to make the bank stop. We had to go through this last year and it was purely a clerical error on their side. Don't let them push you around. You have a right to access your funds unless they have a court order.