Comment by alexey-salmin

Well, no? You can lose your money or access to your money which is very close by the practical means.

A friend of mine wired his money across the border following his relocation, transaction got blocked on KYC for several weeks, rollback became impossible because the source bank got sanctioned in the meanwhile. Money was forfeited with very little chance of recovery.

My personal account was frozen once due to KYC which made it impossible to pay the rent. Luckily I've had some reserves to live but paying for an appartement in cash isn't legal in my country of residence.

Saying "it's just the institution won't work for you" is extremely deceptive, on purpose or not. There are complementary laws that make sure you HAVE to deal with these institutions so when they close the door you're screwed.