When people get scammed and money is transferred out of their bank, why isn’t there a paper trail? If the money is transferred into some foreign country that won’t allow tracing, why not just exclude those countries from the banking system?

Question

When people get scammed and money is transferred out of their bank, why isn’t there a paper trail? If the money is transferred into some foreign country that won’t allow tracing, why not just exclude those countries from the banking system?

In: 7825

Answer 1

So a lot of people are explaining part of your question but I will probably add something about the other half. Excluding countries from our banking system for a few scams is basically asking for conflict. The fact is that to exclude a country from banking is basically excluding them from all trade and if that was something you did without major provocation then our whole global economy wouldn’t function.