Cyprus bank asking questions after bisq trades - advice needed

[jackr2d2]

Hi guys,

I have an issue (which i consider quite serious) even though it might not be. I paid specifically for mentor group access and was hoping for some honest, sincere and professional advice.

I have a joint personal account in cyprus more than 10 + years now, i recently asked the bank consultant to open another 2 accounts separate from the joint account on the other peoples' names. So the bank took 2 days to reply and replied with the necessary documentation needed for this plus questions regarding of quite a few outgoing bisq transactions(buying btc from other users) done about 2 years back. This now has started to worry me a lot.

In short they want me to substantiate these transactions and after which i scan the necessary documentation should i go to one of the branches to get them validated, signed & stamped that everything is "ok".


Can anyone please help me with some advice on how i should proceed with this? Or what to tell them when i call them?
Under no circumstances should i tell them this was for purchasing btc.

I am very stressed and upset about this, im scared they close the account.

For security reasons i cannot disclose the name of the bank right now.

 

[TurnedToRobot]

jackr2d2 said:
Under no circumstances should i tell them this was for purchasing btc.
Click to expand...

that is true, they will terminate your current accounts.

Do you live in Cyprus or why do you have to go to their branch? You could invoice some companies in the amount and just show them these or if it is oppsite you could get invoices from another company matching the numbers they are questioning.

They will get a hard time to sort this out, I doubt they will do it at all if the invoices and companies you invoice or get invoices from are legit.

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[JohnLocke]

How big are these trades?

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[jackr2d2]

darkster said:
Do you live in Cyprus or why do you have to go to their branch? You could invoice some companies in the amount and just show them these or if it is oppsite you could get invoices from another company matching the numbers they are questioning.

They will get a hard time to sort this out, I doubt they will do it at all if the invoices and companies you invoice or get invoices from are legit.
Click to expand...

Well its a personal account so i just told them i paid for pc supplies to start my own pc business and that i have no documents since then.

Then they asked me to exactly tell them for each transaction what I bought. Can you fucking believe this s**t? So i just said pc parts etc.
I mean, how much more are they going to string this along for? I literally have NOTHING to give them.
And no i dont live there, they want to make sure that if i have any documents, i email them and that they are "authenticated" by any branch of theirs.

Admin said:
How big are these trades?
Click to expand...

they range from 1k to 3k € each
Imagine if the amounts were astronomical!

I seriously cannot believe this is happening after so many years, i am so angry.
Honestly, as much as people on here say that cyprus banks are safe. trust me, they are NOT - you risk just as much if not more with them than you do with parking any money on an EMI. I personally no longer trust them or feel comfortable with them. Their reputation is not what it used to be and thats a fact from many changes made to their policies over the years. No wonder so many Russians pulled out.

The truth is, as quick as banks change their policies, we have to be a step ahead of them, otherwise we are all fucked.
Crypto-friendly and private banks are the future. Nothing else.