Revolut demanding proof of funds
- Thread starter Belfort
- Start date
- Status
The audacity of Revolut to comply with the law and regulations under which they are licensed. You sure showed them.
Toggle signature
This is the probably the answer to your question.
Toggle signature
This is the probably the answer to your question.
They chose to become a bank and I choose not to use it. Plenty of EMIs around that don't ask you anything.
All fine 🙂
BTW, I am anything but a member of a Revolut fanclub; nevertheless this request was completely legit and expectable.
Unfortunately, be assured that this list will become empty (of trustworthy EMIs) sooner or later. As of EU EMIs, my bet is 2026-01-01 as the latest, probably sooner.
Toggle signature
--------------------------------------------------------------------------------------------------------------------------------------
I am just a simple countryman. Anything I say is only a personal opinion, not a certified advice 🙂
If you think it makes sense, you can like it; if opposite, please, tell me, why I am wrong...
Most of the time it's the paranoid compliance department that comes up with requests such as these.
The source of funds that enter the account, presenting you with a list of options (employment, investments, etc). No matter what option you picked, you had to upload documents and a brief explanation. Or you could refuse and they would close your account. This is happening with my european Revolut account.
Do you have a source on this date? I've seen you mention it in other threads, too. That all EMIs will be reporting to the CRS after 2025.
If you mean the date for the very strict AML/CTF procedures and consequent asking for piles of papers then this date is just my personal estimation.
As of CRS reporting, this is enacted by the Council Directive (EU) 2023/2226 of 17 October 2023 amending Directive 2011/16/EU, relevant for all EU-operating EMIs. Directive - EU - 2023/2226 - EN - EUR-Lex (beware, 38 pages of a legal text, to a remarkable extent usable only together with Directive 2011/16, also available at EUR-Lex ”” Access to European Union law ”” choose your language). Enclosed for your convenience 😉
Attachments
Toggle signature--------------------------------------------------------------------------------------------------------------------------------------
I am just a simple countryman. Anything I say is only a personal opinion, not a certified advice 🙂
If you think it makes sense, you can like it; if opposite, please, tell me, why I am wrong...
You did the RIGHT THING! 😉
It's all laws & regulations & just simple KYC & submission until our private data gets out there, and we have to defend life and limb against this: Known Physical Bitcoin Attacks. A list of known attacks against Bitcoin / crypto asset owning entities that occurred in meatspace. NOTE: this list is not comprehensive; many attacks are not publicly reported
(1) If the assailants rob or k1ll us, our enemies will say: "Well, at least they followed the law." ca#"!
(2) If we engage in self-defense and our assailants meet The Lord Jesus Christ (I engraved that on my SIG Sauer P220 smi(&% ), we can rest assured that while we languish in prison, our enemies will say: "They should be in prison because they value material things more than a human life." ca#"!
This Police kidnap a businessman, torture him, and force his wife to send them 7 bitcoin happens every day in Latin America, too. So I'm NOT dunking on Ukraine.
In Europe and North America, we are more sophisticated and use scapegoats: Bitcoin trader tortured with drill - Gruwelijke marteloverval met boor bij bitcoinhandelaar
coo-:!y
I recently got similar case (tho with OKX crypto exchange platform not EMI)
They asked for extra level verification (cause normal source of fund a gave them already)
And in this I had to provide 2 docs
1. Source of funds - Savings
2. Industry
Problem is, whatever you choose on 2, you need to give them docs that is 3 months old a max.
Which is very weird, if source of funds Savings.
Even if I choose industry - Unemployed, they require some official document about it.
Support was totally useless and replied worse than GPT 3
They asked for extra level verification (cause normal source of fund a gave them already)
And in this I had to provide 2 docs
1. Source of funds - Savings
2. Industry
Problem is, whatever you choose on 2, you need to give them docs that is 3 months old a max.
Which is very weird, if source of funds Savings.
Even if I choose industry - Unemployed, they require some official document about it.
Support was totally useless and replied worse than GPT 3
Of course it's the EU. The place where they put constraints on everything except the borders.
rof/% smi(&% I knew it! I just KNEW it! That's why I asked.😀
My Asian suppliers based in Asia use several Asian exchanges, and they get away with f*cking MVRDER. I can go to ******* (redacted to make the tax lurkers salivate, stress out, and elevate their cortisol, shortening their life span dev56""") today and send crypto to a supplier, and in less than 30 minutes, I can have an unfathomable amount in cash in the Asian office in Asia! = Statuta Suo Clauduntur Territorio, Nec Ultra Territorium Disponunt! = Statutes are confined to their own territory; they do not govern outside their territorial limits.
It is imperative we remind the delusional, unproductive, and useless self-appointed parasitic gang members under the ruse of Western governments that outside their borders, they will be met with fatal pushback! I know it won't help as they will send some low-IQ peasant drunk under the influence of "freedom & democracy" to do their dirty bidding. ca#"!
In Asia, I'm always stirring the pot and adding fuel to the fire by feigning shock and dismay and asking the Asians,
"Are you going to let the Western Psychopath politicians enslave you, sodomize you, and cuckold you like that? smi(&% rof/%
Are you yearning for another century of humiliation? smi(&% rof/%
Making them force you to open your borders and allow the Untermenschen refugees to come in and r@pe and mvrder your parents and children with impunity?" rof/% smi(&%
The Asians f*cking lose it! smi(&% rof/%
#Power to the #Resistance! smi(&% rof/%
- Status