It's Not You, It's Me: When Banks Break up with Red Notice Subjects

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One of the more inconvenient results of being the subject of a Red Notice is that your bank might break up with you. One of the more frustrating parts of that break up may be that the bank won't say exactly why.

All financial institutions have their own policies (or should have them) regarding risk management practices. When a risk management department becomes aware that a customer has an existing Red Notice, it may decide that it no longer desires that person's business, even if the customer is unaware of the Notice's existence.

Please see full article below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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