What? Is this new to you?
You never heard of anti money laundering and know your costumers directives?
@pedrog, i have heard of money laundering. Also it's not new to me but, a company should be transparent about his services to consumer especially in the financial sector.
A close look at the site show they offer two kind of services; the first one goes with a debit card for verified user's + iban while the second one goes with iban permitting user to make transfer within the system.
It was stated clearly on the website that user wih the second type of account can only make transfer within their system and not to external person.
*You better come out openly to explain the use and purpose of the IBAN given to customer's prior creating new account If, you are one of their staff or representative here on bitcoins talkI also think this is one of the reason they are unpopular.
Thanks