Anybody whose Circle account was closed because of suspicious activities?

So around two weeks ago Circle decided to suspend my account for suspicious activities. I was wondering if Circle reports suspicious activities to LE? Just like how coinbase approached coinbase customer Patrick Gelli and booked him for money laundering.

Wanted to know if those who have their accounts suspended were approached by LE? Please let me know.


Comments


[2 Points] None:

[deleted]


[2 Points] OsamaBeenMobben:

Got mine closed for fraud because my bank couldn't accept a request over a certain mark and i tried like 6 times and i dropped it by 25$ and it fucking went threw!!! I gave circle my ss# and selfie + ID and they still tell me i can no longer use there services , Made a new account and they banned that too


[1 Points] OrganicTreats:

I highly doubt it, but you never know.


[1 Points] thrownawayDNM:

From a thread started yesterday:

AML/KYC dictates that they have to report any suspicious behavior to the authorities. And considering Bitcoin regulations are still being shaped it can be very possible that your account might be held under higher scrutiny or will be closed in the future. --/u/IHeartTheDN

You're almost certainly fine (aside from needing a new source of coin). A lot of people here have been banned by Circle for sending to the markets, just read through the thread I linked, but no one so far seems to have had to deal with LE on top of the ban. It does sound like they may be obligated to report it when they do ban someone though. The whole reason the ban happens is so that they remain in compliance with legal standards.