Quote:
Originally Posted by pam
It sounds like their bank is clamping down and requiring them to adhere to the Patriot Act, but they are not a USA company, right?
|
Actually there are financial laws in the EU that are similar and in alignment with many aspects of the US Patriot act the concept is similar though as they strive to stop funds transfers into terrorist organizations. These have slowly been implemented. There were many recent changes in the EU regarding funds wired to and from non-EU countries (in my other job we wire funds in/out of the EU)