It totally is discrimination. A friend of mine in an EU country had the experience where a client’s payment to his business rang all the alerts and was delayed by his bank for a month just because it came from an African country. Both totally legitimate businesses doing no shady stuff whatsoever.
Try to explain to your employees how their salaries are delayed because your bank suspects you’re terrorists or something.
This and some other experiences turned me to someone who believes that the freedom to transact is an inalienable right, and that it should be taken out of the hands of governments and centralised institutions as much as possible.
banks literally operate in a fascist framework, the goverment control literally everything on how they can operate, usually under political logics above sound economics (paper growth by debt creation). By being a sector which consolidate naturally overtime in few conglomerates it becomes quite ripe to corruption and backdealings
> The algorithmically generated alerts are reviewed every day by human employees.
At 1.8M reports either banks employ an army of reviewers or there is fuck all of a review.
> or wire transfers with banks in high-risk countries.
Sounds like something ripe for discrimination against immigrants.