Leupay/Leopay and iCard customer data sharing

[Marie Manila]

Today I received an email because I have a not-identified account with a top-up limit‌ of 250 € at iCard.
This is the plan, if you did not identify yourself‍ via video identification call.

Outline from this email:

What happened recently, that iCard is applying these restrictions? And why is︇ it that important to get rid of unidentified customers with less than 250 € balance/turnover?︈

 

[Martin Everson]

EU 5th Anti-money laundering directive starting Jan 2020 sadly 😕

See below thread for full details on 5AMLD:

https://www.offshorecorptalk.com/th...money-laundering-directive-10-jan-2020.26879/

 

[KJK]

Looks like it will become impossible to buy anything above 150 € anonymously with fiat‌ remotely in EU.
What is left? Maybe just cash and crypto...

Of course the excuse‍ is terrorism etc etc. and noone sees the consequences of collected data that can be⁠ used against anyone in a few years.

 

[Martin Everson]

Exactly.

 

[myhand]

It's like a time machine to go back in time. People should have paid more‌ attention to the AML