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Wicher 13 hours ago [-]
> sent from a legitimate government agency email domain,
DMARC-verified-sent from a legitimate [...] domain? -> Someone pwned a mailbox at an agency? I'm sure they would've spun the story into "the government was hacked, not us" in that case.
Or "sent from" a legitimate [...] domain? -> Spoofed envelope sender / FROM? Then Revolut's simply been had by the nose. If the domain is indeed a government domain, and does not publish DMARC records, then a due diligence check on who they're sending such personal info (ie, call that purported government agency up on the phone) would suit them.
After all, they're very pedantic about me running their app on a phone with an unlocked bootloader. I'd then hope that they'd be symmetrically pedantic about verifying whoever they're sending my info to.
cluckindan 15 hours ago [-]
Revolut is a platform which enables money laundering, tax evasion, welfare fraud and sanctions workarounds. It needs to be cracked down on, not lauded as a unicorn or allowed to IPO.
pixel_popping 34 minutes ago [-]
Revolut is just like any bank? It's normal to want money/assets (if you are wealthy) scattered across multiple jurisdictions. I don't personally know any person that has good wealth without having bank accounts in HK, SG or the likes...
And Revolut itself is particularly strict, receive 5 random unexplained payments and it's almost sure that you'll get banned and you'll receive the very known email stating that you must give them some bank info to forward your money somewhere else.
Many people also care about their privacy, exposing all your wealth, assets and history to a specific government doesn't sound really reasonable to me.
Also, Money laundering is easy to do regardless of the jurisdiction, in the US you can just setup an LLC for a "SaaS", add Stripe, get ton of virtual cards with crypto (no KYC possible), make XXX transactions = "clean money", taxed (aka laundered, legal money), arriving on your bank of choice.
I'm pretty sure people that knows how to launder money (even a child could do it) knows how to do it without any sort of offshore bank, I don't really see how Revolut is aggravating this matter.
cluckindan 7 minutes ago [-]
Most banks don’t allow deposits in BTC for obvious reasons.
pjmlp 1 hours ago [-]
So basically any kind of capitalist endeavor that works with bank transactions.
cluckindan 12 minutes ago [-]
One that allows deposits in cryptocurrencies.
makeitdouble 11 hours ago [-]
You're describing a bank, any bank.
Without specific arguments on what Revolut consistently does that no other bank (e.g. HSBC, wells-fargo etc.) do, you're just yelling at money shaped clouds.
pixel_popping 33 minutes ago [-]
Clearly a strange take knowing Revolut is actually particularly strict with random unexplained transactions compared to most online banks.
cluckindan 12 minutes ago [-]
Except bitcoin.
TacticalCoder 11 hours ago [-]
> Revolut is a platform which enables money laundering, tax evasion, welfare fraud and sanctions workarounds.
An estimated 3% to 5% of the world's entire GDP is linked to criminal activities. The reasons are complex (for example drugs --not my call-- are mostly illegal and drug consumers have a responsibility in enriching cartels) but all the banks of the world "enable money laundering".
I've got many friends who have a Revolut account / card and although I don't have one, it just looks like a nice app / interesting cards (for all the perks and cashback IIUC) to have.
moritzwarhier 15 hours ago [-]
Absolutely.
phs318u 12 hours ago [-]
Sorry what? Perhaps this is jurisdiction specific but I’m not sure what you’re referring to. In Australia they’ve recently got their full banking license. I use it for personal and small business banking. Lots of useful features. Can you elaborate please?
cluckindan 10 minutes ago [-]
All Revolut users I’m personally aware of use it to hide their illegal/untaxed income from government authorities.
DMARC-verified-sent from a legitimate [...] domain? -> Someone pwned a mailbox at an agency? I'm sure they would've spun the story into "the government was hacked, not us" in that case.
Or "sent from" a legitimate [...] domain? -> Spoofed envelope sender / FROM? Then Revolut's simply been had by the nose. If the domain is indeed a government domain, and does not publish DMARC records, then a due diligence check on who they're sending such personal info (ie, call that purported government agency up on the phone) would suit them.
After all, they're very pedantic about me running their app on a phone with an unlocked bootloader. I'd then hope that they'd be symmetrically pedantic about verifying whoever they're sending my info to.
And Revolut itself is particularly strict, receive 5 random unexplained payments and it's almost sure that you'll get banned and you'll receive the very known email stating that you must give them some bank info to forward your money somewhere else.
Many people also care about their privacy, exposing all your wealth, assets and history to a specific government doesn't sound really reasonable to me.
Also, Money laundering is easy to do regardless of the jurisdiction, in the US you can just setup an LLC for a "SaaS", add Stripe, get ton of virtual cards with crypto (no KYC possible), make XXX transactions = "clean money", taxed (aka laundered, legal money), arriving on your bank of choice. I'm pretty sure people that knows how to launder money (even a child could do it) knows how to do it without any sort of offshore bank, I don't really see how Revolut is aggravating this matter.
Without specific arguments on what Revolut consistently does that no other bank (e.g. HSBC, wells-fargo etc.) do, you're just yelling at money shaped clouds.
An estimated 3% to 5% of the world's entire GDP is linked to criminal activities. The reasons are complex (for example drugs --not my call-- are mostly illegal and drug consumers have a responsibility in enriching cartels) but all the banks of the world "enable money laundering".
I've got many friends who have a Revolut account / card and although I don't have one, it just looks like a nice app / interesting cards (for all the perks and cashback IIUC) to have.