All Heck Breaks Loose After Spanish Banks Block Thousands of Accounts with Chinese Names & Folks Can’t Get to Their Money

More monkey humping by the banksters, it never ends.

Rigged Game

The banks claim they’re complying with anti-money laundering regulations.

Spain’s Association of Financial Users (ASUFIN) has announced it will be representing Chinese residents in Spain in their legal struggle against three of the country’s biggest lenders, BBVA, Caixabank and Bankia, which it accuses of contravening Spain’s data protection and consumer protection laws and even the Spanish constitution.

The three banks in question recently froze the accounts of thousands of Chinese residents in Spain for almost two weeks, in accordance — or so the banks claim — with Spain’s money laundering regulations. On Feb 15, after weeks of being locked out of their accounts, feelings finally boiled over and hundreds of Chinese residents took to the streets of Madrid to decry the banks’ actions. It was the biggest spontaneous public protest ever held by Chinese residents in Spain.

The bank at the center of the current scandal — Spain’s second largest…

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