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Closing Accts. Due to AML, Legal or Adverse Media

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Was wondering if bankers can provide examples of what is allowed to be provided to their customers when they close accounts due to AML, Legal or Adverse Media concerns.

Not really sure what you mean by allowed to provide. You send them a letter and tell them you closed the account per your depositor's agreement. You are under no obligation to tell them why.

First published on 11/04/2018

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