Updated question to this post - PayPal has done absolutely nothing to change the name on the transactions they are sending. The user name is still sent as part of the transaction and we banks get potential matches all the time on a "username", not the true name of the sender / receiver. To top that, the last post before mine here was from 2013 -and PayPal was fined $7.7 million last year for OFAC violations.
AND - Wells Fargo, their bank, pays someone to sit there and take bank calls, forward the information to PayPal, get the user name and then sends it back to the inquiring banks so that they can vet their potential OFAC hits.
This is ridiculous - we cannot rely on PayPal to take care of it so we have to do it.
QUESTION --- what does your bank do with potential PayPal Username OFAC matches ?? Do you only follow through on a certain $ threshold, do you inquire on all, etc?
Thanks.
_________________________
“The strongest of all warriors are these two—Time and Patience.â€
—
Leo Tolstoy
Russian Author