Wirex CRS Question

[DerAufklaerer]

Hello xxxxxxx

Thank you for contacting Wirex Support!

Please check our T&Cs, par. 26: Wirex | General Terms of Service.

In case you have any questions, we are always at your assistance.


Best regards,
Yuliia
Customer Support
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26. Your responsibilities​

You are responsible for:

• All charges and other amounts incurred through your use of the Wirex Service at any time, including any amounts outstanding after you stop using the Wirex Service or if we suspend or cancel your Wirex Profile; and
• Complying with any and all laws, rules and regulations of your jurisdiction that may apply to you in connection with your use of the Wirex Service, including but not limited to activities of import and export, taxes or foreign currency transactions. We will not be responsible for the execution of tax obligations, or calculation and transfer of taxes applied to you.

You are also responsible for keeping a copy of any information you upload to the Wirex Service or that is accessible through your Wirex Profile. We will not offer you compensation for any losses you might suffer as a result of any information that you access on the Wirex Service being deleted, or your access to such information being terminated or suspended if you or we terminate or suspend your use of the Wirex Service.
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I see no clearly info/data exchanges. Thes requestet not TIN until now.

 

[Sols]

UAB Wirex is an authorised distributor of UAB Payrnet, which is authorised by the Bank of Lithuania (Authorisation code LB001994) as an e-money institution.
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Wirex doesn't do reporting because the account you open with Wirex is technically provided by Payrnet. Payrnet is the company which would have a reporting obligation.

If they aren't now, they will at some point begin reporting under CRS.

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This is the probably the answer to your question.

 

[wellington]

Sols said:
Wirex doesn't do reporting because the account you open with Wirex is technically provided by Payrnet. Payrnet is the company which would have a reporting obligation.

If they aren't now, they will at some point begin reporting under CRS.
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This is the same argument i've made reference Advcash.

 

[DerAufklaerer]

The Bank of Lithuania Deposit Insurance System does not apply to the cryptoasset activities carried on by Wirex Digital.

There crypto is under Wirex Digital

The SEPA IBAN is Ireland

 

[Martin Everson]

Anyone noticed Wirex has a section to add your Tax ID in your profile now?

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[DerAufklaerer]

Update regarding a new card provider in EEA​

We are currently transitioning to a new card provider. This transition includes a process known as BIN migration, where we are switching our card transaction services in the EEA to Transact Payments Malta Limited. Our teams at Wirex, Mastercard, and Transact Payments Malta Limited are actively working to complete this transition. This process typically takes at least a few days, but we will provide updates on our progress as we go. You card will become available for use as soon as this migration is completed. All other Wirex services, including bank and crypto transfers, will continue to operate as usual during this transition.

Martin Everson said:
Anyone noticed Wirex has a section to add your Tax ID in your profile now?
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[Old Spice]

The screen shot shows a Tax ID (CPF) with a specific format. XXX.XXX.XXX-XX
I suspect this might only apply to Brasil after doing a quick search.
Very odd!

 

[clemens]

How is Wirex now a days? Something you still using for your business or only private account?

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One of my favorit articles in Mentor Group ~ Sending money anonymously archieve Financial Anonymity

 

[Martin Everson]

Private only. But handy to have anyway.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[jafo]

Old Spice said:
I suspect this might only apply to Brasil after doing a quick search.
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This is for Brazil! The unrepentant cradle of corruption!

Some judges in Brazil received almost 300 times the minimum salary in Brazil per month. For what? These people do NOTHING to advance ANY society!

This whole FATCA/CRS/AEOI/AML scam is just to enrich unproductive parasites in government.

Source: Juízes chegam a receber até R$ 800 mil em um único mês em 2021

PS. I have a lot of clients in Brazil. It's shocking the corruption/bribery/theft of public funds there while the populace is mired in destitute.

 

[myhand]

@jafo you went off topic with your frustration!

Wires is working well for personal account. I don't use them for any business purpose!

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[jafo]

myhand said:
@jafo you went off topic with your frustration!
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Tell us the solution went right over your head, without telling us the solution went right over your head. rof/%

 

[DerAufklaerer]

An y Update on November 2024 ?