Paysera restricted account

[Volex]

It seems that Paysera is starting to close accounts.
Today they restricted my account and ask me for a bank account where they can transfer my funds or as an alternative to upload again my ID.
I have uploaded my ID several times this year and and it was always approved. Today I uploaded it again and it was approved again.

I read also in Trustpilot that they have closed many accounts this year.

I don't understand what is happening with Paysera. Anyone know anything?

 

[Sols]

When a financial institution does any kind of large scale re-KYC and closing of accounts, it's almost always due to an ongoing audit and they have been found to have severe lapses in AML/KYC checks. It's unfortunately normal for perfectly legitimate clients to be included in these purges as they tend to be done in panic and poorly executed.

I don't know if that's the case with Paysera right now, or if they just found something at random about your account that they don't like. But if it's a larger trend, it's likely due to regulatory or audit pressure.

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This is the probably the answer to your question.

 

[Martin Everson]

😕

https://www.riskscreen.com/kyc360/n...eur-370000-fine-to-paysera-lt-for-aml-lapses/

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[Pup]

No problem till now with Paysera, but yes seems that something is change ....

 

[isyet]

Wenoff said:
It seems that Paysera is starting to close accounts.
Today they restricted my account and ask me for a bank account where they can transfer my funds or as an alternative to upload again my ID.
I have uploaded my ID several times this year and and it was always approved. Today I uploaded it again and it was approved again.

I read also in Trustpilot that they have closed many accounts this year.

I don't understand what is happening with Paysera. Anyone know anything?
Click to expand...

See our experiences here: Advcash personal accounts

 

[Pup]

Depends about the jurisdiction ............ that's the problem !!!!! Different jurisdiction different KYC

 

[romalo]

Pup said:
Depends about the jurisdiction ............ that's the problem !!!!! Different jurisdiction different KYC
Click to expand...

Hi, how should I read this? Jurisdiction of the UBO or the company?
In my case: I'm from the Netherlands but emigrated and live in booth Netherlands and Colombia. What country should i report to Paysera you think?

thx !