We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Currencies Direct locked account & demanding proofs
Being as you haven’t used your account in 2 or 3 years, your accounts have been marked as inactive and CD will need to follow their procedure to reactivate them. This could mean a full KYC, as you seem to be experiencing.
Familiar with KYC but their asks here are ridiculously over the top.
It might seem OTT to you but that’s what KYC checks are about. Otherwise there are consequences for institutions: such as Wise who were fined £100k+ by the UAE regulator not too long ago for failing to carry out thorough KYC checks for UAE origin payments- as a result Wise no longer allow AED payments to be sent through locally issued debit cards or local bank transfers in UAE.
