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The company and its customers knew what they were getting into; to get protections from the law and guarantees, financial institutions need to get licensed and comply with all the rules, regulations and law. Of course, this includes providing transaction data to the relevant parties to help them detect tax evasion and money laundering.

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> to get protections from the law and guarantees, financial institutions need to get licensed and comply with all the rules, regulations and law.

That’s not how the law works.

If someone breaks the law or doesn’t comply with regulations, that’s a separate issue. It doesn’t entitle a third party to steal their funds.

If you were to rob a drug dealer, you couldn’t argue that they weren’t complying with the law and therefore you were free to take it. You would both have broken laws.

Define theft.

If you write a contract and give it to a lawyer with the instruction, "Anyone who satisfies this contract gets this money." And someone satisfies the contract to the lawyer's -but not your- satisfaction, and the lawyer sends the money, did the third party steal from you?

There's a very relevant XKCD on this, where someone discovers a clever "bug" in an insurance contract, and is then disappointed.

https://xkcd.com/1494/

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