Post
Topic
Board Exchanges
Re: Mistertango fined 245 000 euros for non compliance with anti money laundering
by
LTU_btc
on 04/11/2019, 20:11:20 UTC
@Bossian

Personal accounts are currently working fine, at least I haven't found someone complaining but with the business accounts, not only the funds are locked but some are getting their accounts simply closed.
https://www.offshorecorptalk.com/attachments/mistertango-png.834/

3rd-time Mistertango is fined, I would say now it's the end for the company, again 1 or 2 strikes and the company will be shut down by EU or it'll be fined with such a large sum that it won't be able to pay it

https://edpb.europa.eu/news/national-news/2019/first-significant-fine-was-imposed-breaches-general-data-protection_en
I also got message last week that they're closing my personal account. It's because that I didn't gave information to their additional KYC. But I don't care about it, because I simply haven't used Mistertango for very long time.

Im not aware on Mistertango services though but if they were a big one then its just a peanut fine.
I think it's quite big money for them. It's not that huge bank which would able to pay million fines. From public information, they even ended last year with a loss, so this fine can hurt them. But it's their own fault, because they were fined not for the first time.