Quote from: maydna on March 14, 2019, 01:17:53 AM

Quote from: gilangIDR on March 14, 2019, 12:57:24 AM

Quote from: DeskJob on March 13, 2019, 04:32:06 PM

my cousin sold his bitcoin to a guy in Thailand and that person made direct payment to my cousins bank account in Singapore from his Thailand bank but now the bank in Singapore is asking my cousin to produce his income source and has freeze that transaction money in his account. my concern is does the bank have that authority to stop my cousin from taking money out from his account and give such reason or excuses ?
is there any legal solution ? is it possible to sue the bank ?

Usually large amounts of money will always be asked by each BANK, it is a procedure that is owned by each bank to avoid money laundry.
So in my calculation it is better for me to divide up some nominal money and it can make us comfortable in making transactions.

I guess the bank will not freeze one account if that account was not making a suspicious transaction. I am sure that his cousin receives large money so it will alarm the banks to investigate the account. Why not his cousin verify the transaction and tell the truth where he got that money so the bank can reopen his account? I guess the bank wants to clean up the money laundering and they are very concern with their customer. I think that is a legal solution for his cousin.

True, questioning the origin of the money we save in banks, especially in huge amounts, is a procedure that is applied in many countries. Provide evidence by way of asking for clarification from the sender of the money, the Thai person who bought bitcoin from the op's cousin, is a way that in my opinion will clear up the problem.