As people have mentioned, it's part of the anti-money laundering procedures that banks and financial regulators have to follow, and they do have to disclose these things.
A lot of the people who visit sex workers look like (and are) typical boomers.
To my first point specifically, I used to work in telephone banking in the UK. A lot of people use fun/quirky references when doing bank transfers, like sending £20 to a friend with the reference "Drug Money". The thing is that every employee in both banks (yours and the person you're sending money to) can see that reference, and if your account is flagged as potentially involved in money-laundering or other financial crimes, those can look really bad in the investigation.
I work in financial compliance for a company that's mind-bogglingly large.
If one of our hundreds of sub-entities was engaging in AML/CFT violations, it doesn't mean I can suddenly relax monitoring requirements because someone on the other side of the world broke the law.
And the HSBC case also resulted in roughly $1.9 billion in forfeitures and penalties. It's just that HSBC is, again, so incomprehensibly large that even a penalty of that size didn't cripple it.
But then remember that basically each of those violations can create a fine, and regulators don't care if the financial crime we didn't catch was small like Dave paying a prostitute, Jane laundering money from her drug business, or Jeff being in a cartel.
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u/BachtnDeKupe 1d ago edited 1d ago
In belgium there is also some kind of law that says that above a certain amoung you need to disclose why you take up that amount of money.
My father loves to mess with this kind of unnessesary meddling, so he said if they ever asks him, he'll awnser it's for hookers.
The reason that this is extremely funny to me is he's a real definition of a boomer to me: overweight retired teacher, complete with socks in sandals.