The fact that they closed his account frankly sounds like the outcome of an AML review.
Banks are deputized by the government to check for all sorts of suspicious transaction. They get fined when their procedures are not sufficiently stringent. They're not allowed to tip you as to why your account is being suspended or closed.
At any moment, any bank can lock your account for months without informing you of anything. It's unfortunately the power we decided to give them to prevent money laundering.
Banks are deputized by the government to check for all sorts of suspicious transaction. They get fined when their procedures are not sufficiently stringent. They're not allowed to tip you as to why your account is being suspended or closed.
At any moment, any bank can lock your account for months without informing you of anything. It's unfortunately the power we decided to give them to prevent money laundering.