remitano - p2p - unkown
- Thread starter Wellington
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You know very well he will︀ be doing wrong as you mentioned above. I cannot support this...sorry.
Not being moralistic as︁ each man can decide their own actions. Just saying I don't agree here.
This is︂ money laundering advice....lol. Once the crime of capital controls evasion occurs the funds are dirty.︃
Not being moralistic as︁ each man can decide their own actions. Just saying I don't agree here.
This is︂ money laundering advice....lol. Once the crime of capital controls evasion occurs the funds are dirty.︃
As we would say in Britain
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I disagree.
What he is doing, if these funds are from a legitimate inheritance, whereby he has paid the tax is removing them from a 3rd world despot regime into the West (Europe) where he resides, he is utilising methods which are utilised daily by people all across the globe to remit their funds around arbitrary 'created' restrictions︀ from a state that would rather see them diminished to nothing than be productive within︁ his hands.
These activities like stated are very common and carried out millions of times︂ a year by people fleeing or having fled or inherited wealth from those that fled︃ in prior years.
As long as he show source of wealth, and pays the relevant︄ taxes, and has no qualms with never setting foot in said despot country which is︅ not a sanctioned state as far as the public records then he should be good︆ to go.
As this is quite common it is clearly defined this occurs and the︇ European Union has no qualms with inbound funds that have moved outside of capital controls︈ as long as the standard AML processes are carried out.
So no, i fully support︉ a individuals right to move around arbitrary rules which are constructs from a despot regime.︊
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My wife's fathers family fled Maos China generations ago and they did it with︋ silver and gold.
I see this as no different.
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I disagree.
What he is doing, if these funds are from a legitimate inheritance, whereby he has paid the tax is removing them from a 3rd world despot regime into the West (Europe) where he resides, he is utilising methods which are utilised daily by people all across the globe to remit their funds around arbitrary 'created' restrictions︀ from a state that would rather see them diminished to nothing than be productive within︁ his hands.
These activities like stated are very common and carried out millions of times︂ a year by people fleeing or having fled or inherited wealth from those that fled︃ in prior years.
As long as he show source of wealth, and pays the relevant︄ taxes, and has no qualms with never setting foot in said despot country which is︅ not a sanctioned state as far as the public records then he should be good︆ to go.
As this is quite common it is clearly defined this occurs and the︇ European Union has no qualms with inbound funds that have moved outside of capital controls︈ as long as the standard AML processes are carried out.
So no, i fully support︉ a individuals right to move around arbitrary rules which are constructs from a despot regime.︊
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My wife's fathers family fled Maos China generations ago and they did it with︋ silver and gold.
I see this as no different.
I can︋ reassure you it is a legitimate inheritance, I am paying 10% tax on it there,︌ and I am asking my tax guy in Cyprus about it now. That's the way︍ I see it: how to navigate backward, unpopular and lazy regulation from the seventies that︎ the current government is too scared and incompetent to reform. I am doing this very️ reluctantly and to preserve my wealth, as I don't want to keep it in a CCC- country. I would argue it is irresponsible to do so when you have the choice (albeit risky) not to. Thank you for chiming in!
The current head of state has been in power since the 80's from what i've seen, thats all that needs to be said.
As far as i see it, i can't be indicted by Tunisia, you won't be indicted in Europe for remitting inheritance around capital controls.
So as long as you have (and i've made this abundantly clear) paperwork then i see no issues in a straightforward process mentioned above, with zero funny business like Dubai, or property etc which makes it appear like something of questionable nature.
Likewise as stated, utilise a traditional bank in your local town and sit down and discuss with them before remitting said funds into them, also speak with your local MP/Representative (pre-emptively)︀ in-case something goes amiss and they are then there and aware, and will intervene on︁ your behalf.
Under European law/and processes this is all very common and as much as︂ Martin likes to talk about laundering, it's not illicit finance but it will involve a︃ 'construct' Tunisian illicit act, but Tunisia ain't gonna be able to extradite you for such︄ and there's no mentions of case law where the EU has authorised the extradition of︅ a pleb remitting their funds outside of capital controls from a despot regime that i've︆ come across.
Anyway all the best, just make sure you cover all the essentials.
- Banking
- Exchange
- Legal
- Political Representative
- Paper-trails/docs
- Tax
As far as i see it, i can't be indicted by Tunisia, you won't be indicted in Europe for remitting inheritance around capital controls.
So as long as you have (and i've made this abundantly clear) paperwork then i see no issues in a straightforward process mentioned above, with zero funny business like Dubai, or property etc which makes it appear like something of questionable nature.
Likewise as stated, utilise a traditional bank in your local town and sit down and discuss with them before remitting said funds into them, also speak with your local MP/Representative (pre-emptively)︀ in-case something goes amiss and they are then there and aware, and will intervene on︁ your behalf.
Under European law/and processes this is all very common and as much as︂ Martin likes to talk about laundering, it's not illicit finance but it will involve a︃ 'construct' Tunisian illicit act, but Tunisia ain't gonna be able to extradite you for such︄ and there's no mentions of case law where the EU has authorised the extradition of︅ a pleb remitting their funds outside of capital controls from a despot regime that i've︆ come across.
Anyway all the best, just make sure you cover all the essentials.
- Banking
- Exchange
- Legal
- Political Representative
- Paper-trails/docs
- Tax
Let's assume you own a regulated exchange: if you are contacted by a Chinese guy asking you to buy his bitcoin (after doing KYC and SOF), would you refuse because you presume he bought his bitcoin in China and bitcoin is illegal there? Is converting Bitcoin from China︀ a financial crime? Maybe?
Thanks again for thinking along and for your time!!!️
Thanks again for thinking along and for your time!!!️
Chinese do this all the time
HK is where they either exit into fiat and invest, or send overseas and invest (Canada etc) or they just move the funds with them to their next country (if leaving China).
Capital Controls outwards is policed, coming inwards is generally ignored (in the West) EXCEPT AML.
You'll need a lot of paperwork, that's something you need to work out with the counterparties (exchange/bank etc) not something i can really advise on.
HK is where they either exit into fiat and invest, or send overseas and invest (Canada etc) or they just move the funds with them to their next country (if leaving China).
Capital Controls outwards is policed, coming inwards is generally ignored (in the West) EXCEPT AML.
You'll need a lot of paperwork, that's something you need to work out with the counterparties (exchange/bank etc) not something i can really advise on.
My exchange would not service the Chinese, Nigerian market etc. As they are places where crypto is heavily used to evade capital controls. I would only work with countries without capital controls and where crypto is legal due to the risk of abuse.
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