Request Tax Code from Wirex

[Var12]

I received an email from Wirex asking for my tax code. Has this happened to you too? What's the reason behind this request? Have they started exchanging information?

 

[Martin Everson]

Happened to me well‌ over a year ago when mobile app stopped me and forced me to enter some‍ tax code digits before I could proceed and do anything further if I remember. Months⁠ later they asked for source of funds etc.

Have you been using them a⁣ lot lately? I don't know if its do do with automatic upgrade in verification level⁢ (limits) that happened after I gave them what they wanted. Or whether it is to︀ do with CRS. Best to ask them unless someone knows.

 

[Propeller]

Wirex closed my account last week without any explanation, other than claiming I had made‌ some “suspicious transactions.”

I’ve sent them a dozen emails since then, but still haven’t received‍ any reply.

They’ve frozen around €8,000, do you think I’ll get it back, or is⁠ it lost for good?

 

[Martin Everson]

Depends what the "suspicious transactions" involved i.e if‍ terrorism financing or money laundering, stolen coins etc then no. If its just transactional behavior⁠ that look like smurfing or similar structuring then yes but after you proven funds are⁤ clean.

At some point they will reach out to you but it could take weeks⁣ or months as they will file a suspicious transactions report and await feedback from authorities⁢ on how to proceed. Don't expect much communication during that time frame until they get︀ feedback I would guess.

What sort of transactions were you doing?

 

[Propeller]

I just made a transfer to a U.S. bank account, it’s a company I’m doing‌ business with and they seem totally legit. Didn’t really think it’d be an issue, especially‍ since they even gave me an account number with a European bank.

 

[JackAlabama]

they prepare for CARF, the newest trick of you dont own anything⁠ and be happy by the global communists.