Thank you. I can understand fighting money laundering, etc. if you first have probable cause to suspect someone. It seems a stretch to say that certain businesses are prone to criminal activity, and ban those businesses from banking.
I personally knew of a case, in which money laundering was going on in a carpet cleaning business. Those people were caught and paid the price. But based on this reasoning, should we ban a carpet cleaning business from the banking system because of this one case I know of????
Agreed...There’s supposed to be due process for suspected criminal activity and I’d think these tactics abusive just on the suspicion of illegal activity in these businesses.