FreeNZ: Nick Coyle – Standing Up To Banking Abuse In New Zealand

Excellent article and call to action from Liz Gunn: A story of power imbalance and abuse by ANZ Bank

25/02/2024

Nick Coyle outlines his disturbing experience of dealing with the bureaucratic heartlessness of the banking system in New Zealand.

Nick is a brave man who’s showing Kiwis how to stand up to blatant bullying and unreasonable banking intrusion into his life. The hard truth, in our currently over-regulated New Zealand, is that it’s only when we stand together as a People, and demand of these corporations that they behave with respect towards Kiwis, that things will start to get back to how they should be in this country.

Nick’s story is a story of an abuse of power, by one overbearing individual who cannot be easily called to account by the public whom he is meant to serve, within one of the big five New Zealand’s banks: namely, ANZ – the Australian-owned behemoth.

Many Kiwis, and others around the world, are now noticing a big increase in abuse of power by banking institutions, who seem to regard the clients they once had to serve, as mere pawns in the government-approved bullying of banking customers.

This bullying attitude has been sanctioned under the guise of AML, or Anti-Money Laundering, a very detailed and frankly Orwellian banking regulation scheme which has ramped up hugely in recent years. It has been allowed to bloat out to the point where it now amounts to a system that treats all of us essentially as potential covert terrorists.

While there are important safety standards that DO need to be respected when it comes to money transactions, the truth is that most human beings are not engaging in criminal money laundering activities. We just want to live our lives and to move our monies in privacy and without government viewing of every detail of our daily, and annual, legitimate transacting and banking decision-making.

AML regulations however, now seem to be on a fast track to skewing out of balance for the individual. If one makes a small mistake, or does not operate exactly in the Bank-approved way, then suddenly and often inexplicably, a faceless bureaucrat within the hugely intimidating banking structure, can make a decision that can have devastating consequences on business, family life and freedom. This is simply not acceptable, and we Kiwis must now band together to let the banks know we will no longer tolerate this bullying and intimidation.

Remember, your bank account is only as good as the bank’s risk appetite to have you as a customer. Yet the bank would not exist without their millions of individual customers. They forget who has the ultimate power, if we were ever to choose to withdraw from one or other specific bank, en masse. Instead, these hubristic institutions like to think that they have all the power over our money, and therefore over our lives and our liberty.

…continues at source Nick Coyle – Standing Up To Banking Abuse In New Zealand (substack.com)

PLEASE: Read the entire article at the link and follow the call to action. Thanks!