GlobalNet problems with regulator

[Gediminas]

Hey guys,

Just wanted to warn you all about the present problems with GlobalNet.

Due to the lack of adequate AML procedures, they have been fined, and also their business activities got limitations that will prohibit them from servicing high-risk clients.

I believe they will probably have to shut down their operations because most likely they will lose SEPA access. I hope they will get out of it and survive, but at this time this is definitely not a good place to park your money in.

Lietuvos banko Finansų rinkos priežiūros tarnybos sprendimai

Už įstatymų pažeidimus – bauda ir įpareigojimai GlobalNetint, UAB Lietuvos banko Finansų rinkos priežiūros tarnyba atliko elektroninių pinigų įstaigos GlobalNetint, UAB, patikrinimą ir nustatė...

www.lb.lt

P.S. we saw this coming about a year ago and stopped our relationship with them.

 

[troubled soul]

Sooner or Later , All cloud base bank will be shut down.
Or Government will tighten KYC .

What is your opinion regarding these type of cloud base bank?

Thanks

 

[fredouille1973]

Sooner or Later , All cloud base bank will be shut down.
Or Government will tighten KYC .

What is your opinion regarding these type of cloud base bank?

Thanks

 

[JohnLocke]

Total control is the word for the highly specialized efforts governments across most of the globe are rolling out. In the future, it will be difficult even with the smallest transactions not to be tracked or possibly. drawn to liability. Long live unregulated cryptocurrency.