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by beardyw·1d ago·view on hn ↗
I think traditional banks are a safeguard against money laundering (as in WE did the right thing).
1 comments
yes it did, and oddly enough having the choice of that escrow reduced our legal costs. Our lawyers wanted to perform AML research to ensure we were compliant (or I guess that they are compliant) but the fact that the deal used a reputable escrow allowed them to just tick that box without charging us an arm and a leg.