Actually, if you're on the OFAC list, many banks eill open sn account for you, and happily take deposits. They just will not let you withdraw. So
Your claim that a bank cannot judiciously freeze your assets is a bit off.
And for the record, nanes going on the OFAC have blast radius. If the U.S. finds out terrorist X has an alias of Temperence Prudence, the other Temperence Prudence's out there can expect some disruption while compliance department's try to figure out if you're a terrorist or not. All without breathing a word of it to the customer.
I know, because I ended up having to troubleshoot that system. It is quite horrifying, and to say the least duplicitous.
And for the record, nanes going on the OFAC have blast radius. If the U.S. finds out terrorist X has an alias of Temperence Prudence, the other Temperence Prudence's out there can expect some disruption while compliance department's try to figure out if you're a terrorist or not. All without breathing a word of it to the customer.
I know, because I ended up having to troubleshoot that system. It is quite horrifying, and to say the least duplicitous.