Thank you for the question.
I'm not an expert in the legislation governing banks, but I believe that financial institutions have the power to decide on the risk level they are willing to expose themselves to when working with their clients. Therefore, if a client exceeds that risk level, it's up to the financial institution to decide whether or not to freeze the account or no longer do business with the client.
Can that be noted in a suspicious transaction report that would be sent to us? Yes, it's possible, because there is a section in the report that notes the actions undertaken by the financial institution or any other reporting entity. Therefore, a note could indicate that the account was frozen, or even that the institution disengaged owing to the financial risks the individual represents, which means that the institution decided to no longer do business with them.
That's information that becomes relevant for police because, if they wish to obtain an order for production, it's important to know whether the account still exists and is still active. That is part of the information that we provide to law enforcement agencies, if we have it.