No exchange can confiscate your funds legally without a court order, they can freeze your account for a period but doing so because you have failed KYC would require them to inform the authorities where they operate about this transaction immediately. There is no such thing as these funds look stolen then we freeze it and we unfreeze it the moment you send us a pic of an id, this is illegal on so many levels it doesn't even need to be discussed.
Very well explained. This is what makes "Openchange" look like a scam!
You are right here. No exchange can hold your funds permanently, if there is a problem authorities get involved.
Please do quote any law from any country, territory, or fantasy world on this planetthat says something like this , since FATF says something different
In every country that has decent money laundering laws you have to. Any input of your money need to be declared and knowledge how/where you got the money. You can't be paid by cartel to develope candy websites and have no troubles..
I understand that most of you focus on the privacy and fuck the government policies, but laws are laws and laws are accepted by us; you can't just fuck them, this is why we live in a society with rules.