Comment by Max-Ganz-II
4 months ago
Back in early 2022, a little after the war started, TransferWise blocked transfer (i.e. donation) to the account run by the National Bank of Ukraine for support of the Ukrainian military.
I have and never will forgive them for this.
Looks like it is probably against their acceptable use policy:
1.2.3 Other restricted activities c. Weaponry, military and semi-military goods and services. Weapons (including weapons of historic significance), military software, or any other goods or services intended for military use.
> I have and never will forgive them for this.
Ukraine is well known money laundering machine. Before the conflict started it was a well known fact and many banks didn't want to work with transfers to Ukraine. I am sure TransferWise shared similar risk model.
> Ukraine is well known money laundering machine.
Can you provide any sources for this?
Ukraine had very strict banking rules for at least a decade. It had much more sense to launder through Cyprus for example or other EU countries like Latvia (when it was still possible) or Hungary if you’re politically connected.
> Can you provide any sources for this?
Thats common knowledge for everyone even tangentially related to finance industry and likely for anyone who ever did international business with cross border payments . Not sure what kind of "sources" you expect to see here.
> Ukraine had very strict banking rules for at least a decade
Perhaps for it's own populace, but not for it's rulers and those who they work with.
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Everything you say might be technically true.
But if you look at the bigger picture, Ukraine has been invaded and occupied by a bigger countries which buys western banks to do it's money laundering through. Now is not the time to be discipling.
Justice is more than just following laws.
> Justice is more than just following laws
Justice also isn't what you feel justice is.
The whole point of laws is to have a set of definitions and do judgements upon.
> buys western banks to do it's money laundering through
Western banks do enough money laundering even without changing owners to beneficiaries from Russia.
Yes, but that's a matter to be settled in a court. Banks and other financial institutions have no business deciding what's just; they just follow the regulations given to them by governments and the courts.
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It was possible to make transfers to the military support account for about two weeks after war started; then it was blocked.
Transfers to other accounts were still possible.
Amount of theft from “military” accounts in Ukraine is staggering, if anyone would ever be interested to figure out. Everyone know that except people blindfolded by the world “military” and deluded to think money there would be used on anything else but beneficiaries whims.
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