zlacker

Result in a ban and just keep that amount of money? They have to deliver it somewhere, so that both of the affected sites can clarify, object.. or at least learn and understand what this is about??

>>throwb+(OP)
They generally don't 'seize' the money... They 'freeze' the money...

And then won't release it without a court order.

However it is typically pretty easy to get a court order, because they won't fight against you in court. They just want a court to tell them to release the money, because then any money laundering isn't their fault - they're just doing what the court asked.

>>throwb+(OP)
No. They hold onto it precisely so that no involved parties have any clue what just happened, and to allow LE time to act if necessary. If the parties are proven innocent, then monies are returned, but that usually requires a party to lawyer up.

I’ve seen it happen, with bank accounts, and sizeable sums of legitimately obtained money. HSBC sat on several million dollars of a friend’s business for two years - they couldn’t make payroll etc., and resultantly folded. They ultimately got their money back, but it took a fortune in lawyers, court visits, etc.

>>london+g
Getting a court order can be hard, if the court has any reasonable doubt, and you end up with them treating the freeze as grounds for reasonable doubt and then require absurd degrees of evidence to the contrary. It’s particularly hard if you’re based somewhere tricky, and the court wants you in London, in person, next Tuesday.