Search results

Factors to consider: - The pandemic radicalized a big portion of the population, especially after the monumental f**k up the french government did while handling the yellow vest protests in 2018. A big part of the "working class" hates Macron now. They'll never vote for Macron, while a lot of...

Most of the big swiss banks will bend the rules and will do anything for clients above a certain net worth. That includes banking dictators, criminals, known fugitives, even people flagged on OFAC sanctions or interpol. These people like those banks not because of the secrecy (They aren't...

Locals (Citizens) live in government sponsored apartment buildings where the rent is minimal (Usually not more than 1000-1500 euros a month). They dont have to worry about rent and cost of living as much since most work for the public sector and have tons of perks to begin with. These shoebox...

So far the only people i know that successfully moved to mexico had one of the following reasons: 1. They had legal issues/were part of the mob and wanted to lay low away from all the heat in their home countries. But even there their troubles back home eventually caught up to them in mexico as...

A lot of EMIs/Banks/Crypto exchanges focus more on "pretending to be compliant" and less being actually compliant. They got first line defense controls like KYC, account freezes for large transfers to ask for documentation, but nothing that stops a smart money launderer from gaming the system...

Even with CRS, they're interested in busting the big fish, 6 figures plus in deposits to begin with. If you deposited 50k in some bank abroad i strongly doubt an overburdened and understaffed tax authority from your typical western nation will be bothered to look into it. However, if you deposit...

They have a million ways to get cash out of the country, this was just one of them. The fact that they are willing to risk that much cash for a single trip shows they have significant means to begin with, so it was probably a slap on the wrist for them lol. Once the cash lands there, it doesn't...

If you must bank in eastern europe try Estonia, sure they are EU linked and will comply with CRS faster than anyone else but keep in mind the country still runs on russian mob money. There's no shortage of private banks there that will do magic tricks for you if you're wealthy enough. At least...

Only way i could handle crypto efficiently without passing through clown EMIs is using onshore banks. That of course requires your money to be clean so if you got dubious sources you don't have much gateways to get access to banking unless you're well connected. There are international banks...

I wasn't telling the guy how to reduce his tax bill if that's what you're referring to. Taxes will have to be paid regardless, there's no way to "cheat your way out legally" unless you're a russian oligarch with deep pockets. Relocating might be convenient in many cases still if that means you...

Use main street banks and don't bother with EMIs unless you want a) Get robbed or b) Get robbed legally under the guise of AML checks. I never had issues with main street banks as long as i had a proper explanation for the funds i intended to deposit. UBS and Barclays don't give a s**t past a...

In many jurisdictions you are taxed at the source. For example, if you acquired an asset in the UK, and made a profit with it but then decided to move to say Malta and declared that profit there, you'd owe tax to the UK still. They'll find out about the undeclared income when you deposit the...

You should never mention monero to your banking partners/government regardless of how legit your money is. That will raise even more suspicions and that honesty will attract you unnecessary attention. I know banks that won't hesitate to file a suspicious activity report on you the moment you...

The problem is not their russian connection. The problem is that a small laundromat always gets 1) Shut down by the feds or 2) The owners make a run for it with everyone's money. The advantage is that they tend to accept anyone, big money or small money, the point for them is to get the deposits...

Bankera is shady even if they are reliable. Be careful and don't keep too much money there. EMIs are reliable until they are not, it's a tradition.

For the audited statements you should provide the statements for the last fiscal only. If they ask for more tell them to screw off. Top main street banks only ask for 1 year worth of audited statements from their corporate clients, BNP and Citi being two of them. They just want to see that you...

The 800 De La Gauchetiere Branch in Montreal has a lot of chinese clients, probably more than any other in the city. They are used randoms showing up with millions in unexplained wire transfers. They are more scared about obvious AML risks like smurfing/e-transfer movements for canadians/etc...

The fact that they flagged your address after 5 years shows that they had no real KYC/Screening procedures in place, and they probably don't even screen for sanctions either. That by itself is enough to get the bank's license revoked altogether as they probably let a s**t load of...

Canada is not known to be a very compliant country when it comes to AML. Money laundering is rampant there to the point where most criminal groups have a base there for this very purpose. Canadian banks are good at pretending to be compliant but a lot of their wealthy clients are your typical...

When a bank asks for your tax documentation it's because they had previous clients give them false tax IDs to try to bypass CRS reporting. Now banks are more careful and will ask for real documents proving your tax ID is real. Not all banks do this though, only the ones that had bad experiences...