Secrecy, privacy, security, intrusion

That’s why there are two topics for this.

Governments are evil - this topic.
Banks are evil - Banking, insurance and finance news

If your priority is privacy and secrecy and intrusion then clearly you don’t want the bank reporting the transaction, much less (unilaterally / extrajudicially) blocking it. That’s just overreach, and a further erosion of an individual’s rights. Whether the bank makes a profit on the transaction doesn’t come into it. It’s my money and my transaction - and the bank should do what it is told. The customer is always right.