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Anonymous
I have business accounts with Revolut and have been trading since 2020. All our company funds go into the Revolut account and then get distributed between other accounts. Yesterday, for no apparent reason, our accounts were blocked. However, it wasn't blocked completely. I have no access to it, but Revolut still accepts funds from our customers, meaning the balance is rapidly growing. To clarify, my company turnover for 2020-2021 was £5.8 Million. I've been chatting to their apologetic staff, who kept me in the dark the second day. They are calling it a security issue, and that is that. I was told they follow the EU's 5th AML Directive and want to establish whether our customers or close relatives or close associates of a 'Political Exposed Person' is associated with the business and asked to account for an employee. After I told them that I knew nothing about his association with any political relations, they "transferred my case to a specialised team", and again I was fed apologetic replies and that everything was going to be ok and that they were here to help me—what a pile of b-shit. Using this 'Directive', they have the power to freeze your funds until whenever. If you hold any accounts with Revolut, be aware.
2 years ago
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