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ANZ Bank Settles Unbanking Case with Australian BTC Trader Allan Flynn

Paraguay, San Pedro, Lima
Published 2 years ago
ID #903
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ANZ Bank Settles Unbanking Case with Australian BTC Trader Allan Flynn
Paraguay, San Pedro, Lima,
Published 2 years ago

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Bitcoin trader Allan Flynn resolved his first complaint with The Australia and New Zealand Banking Group Limited (ANZ) for being unilaterally unbanked in 2018 due to his occupation as a Digital Currency Exchange (DCE).

The settlement comes 20 months after the Canberra resident first filed complaints with the ACT Civil and Administrative Court against ANZ.

In the agreement, the ANZ indicated that it closed its accounts due to the risk of money laundering and terrorist financing (ML / FT) that it perceived among the exchanges. It also acknowledged that the act of unseating Flynn could "have constituted unlawful discrimination contrary to sections 7 (1) (p) and 20 of the Discrimination Act of 1991."


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    nicole
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    Paraguay, San Pedro, Lima
    St San Pedro 38495