Recent content by jermird

How do you pass kyc/aml/source of funds for mixed coins?

To be more specific they are getting busted flying -out- of Malta probably leaving because covid killed their business model - whatever that was. The cash is likely not declared in any country, probably from local sales / shenanigans over the years and now that they are leaving they have to take...

about 10-20k monthly for 12-24 months depends on which route the person in question takes at the end ;) lets consider regular stopovers on flights in germany

people are getting busted daily trying to get away / leaving with cash. another one in the news today 23k eur.

can confirm, popular EMIs are not being accepted anymore. (if you funded through one, play tough with compliance and they will usually clear that one account for withdrawals still after the in = out rule)

yeah on the list i dont particularly like not having physical control over it especially in the current geopolitical climate and direction. many people thought their assets were safe on the other side of the world but all that was left at the end of the day was a worthless deposit book. in...

How so if you exchange in person? Although i really dont like the whole exchange in person thing. Im sure pictures are being taken, records kept etc. Apart from the whole counterfeit, safe way back etc issue. Well EU prefered or anything that is not 30h of flights...

Yeah i think i have read somewhere that the face value is irrelevant in terms of import / customs and the actual spot price value always counts for the 10k. @MarieManila: Gold however is different i think in that it in theory has to be declared even with the value is <10k to gain VAT exemption...

How would one go about importing gold bars or coins or whatever else??? into the EU from UAE or HK without having to declare it and at the same time stay legal / under 10k reporting and so on via flight / something else?

Little island in the EU every week there is a someone getting busted at the airport for non-declared cash > 10k by the little sniffer dog puppy. No rumors thats how it is. In most airports you are not going to simply fly with 100k without major risk especially if you do not want to have it on...

What is the common experience in terms of frequency / limits when the usual BTC to Card/ATM cashout providers start to ask for source of funds of the loaded BTCs? Any definite red flag actions one should avoid?

Hmmm possible, problem is of course declaration of >10k cash on entry into EU??? and flight costs to HK being quite high and kind of impossible covid wise for the foreseeable future. Guess i could deposit half in Gold in a storage but would not want to do that in HK under current circumstances.

Ah with the idea also being that the old statement serves not just as source of funds should e.g. advcash ask but also should it be reported and certain island agencies ask one day?

Sounds plausible. How would one go at the whole issue of CRS etc reporting if the person would do the above and use advcash/wirex/btse to cash out via their cards afterwards? Once cash is in hand it is a non issue anymore as it would just easily mix with existing assets. Any suggestions for...

How would you go at preferably cashing out or converting to another hard asset like gold bars about 200-400k € in BTC that is not connected to the person in question in any kind of way but the person cannot provide any source of funds / proof of origin. A legitimate business exists in a low...