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Estonia used to be a good hub but since AMLD5 you'll be branded a criminal enterprise until you prove the government otherwise even if you have their "license". Furthermore most of the banks there will refuse to deal with you unless you got serious money to begin with. Tax wise it's pretty good...

They want the big fish, not the time wasters/sketchy clients that bring nothing to them but potential fines. Tax havens/Non-CRS banks are increasingly discriminating against clients and cherry pick only the ones that can bring them real money otherwise the risk of operating such a model...

I had experiences at both UBS and BNP Paribas Wealth Management, both are fine if your assets are legitimate but like Martin said above, focus on their european entities if you want private banking. At this level they usually don't care about where you live. HSBC Hong Kong was fine for a while...

A lot of closures happened conveniently during the pandemic, law enforcement is busy and inefficient in most countries, governments work in limited capacity so its complicated for them to bust anyone who does anything elaborate at all.

There's no "blockchain analysis" going on when you deposit funds in an exchange, most have basic AML software that flags certain wallets linked to fraud/online casisos/mixers and the exchange automatically freezes deposits linked to those wallets. But there is nobody there actually checking the...

Always plan ahead when you run into large sums of money and you want to minimize taxes. You can do so legally without resorting to flat out evasion. I would be very careful dodging tax from countries like France because not only they will seize the undeclared amounts but they will slap you with...

Try Lithuania if you're trying to move funds from Russia/Ukraine/Other eastern european countries. Plenty of banks would be happy to service that kind of turnover and look the other way. Expect high fees though. Latvia works but you must be connected, not everyone is game there anymore since...

Seychelles and Saint Kitts of Nevis, still bottom of the barrel in terms of IBCs and but will look a tad bit less sketch than Samoa.

If you need a bank account you better have a lot of assets to play with that kind of legal set up. No decent bank is going to onboard you unless they can justify the risk. If you are dealing with 100% crypto assets and don't really care about fiat, then the legal set up makes sense, even though...

Tighter regulations, AMLD5 in europe creating more and more scrutiny on MSBs/EMIs/Banks, risks of audits, at some point the risk/reward is no longer worth it and the EMI just bails with everyone's money while the regulators are still not locking their sights on them. With hidden clauses like the...

They are open to crypto but they will KYC the living f**k out of you and minimum deposit is in the six figures for them to even bother with you. Avoid Liechtenstein unless you're talking six-seven figure turnovers and you got the documentation to prove everything is clean. There are some...

Haha there you go, that's probably why the FCA doesn't even seem to want to bother with them now. 1) Money's gone and 2) Taking them to court and proving they stole funds would be quite expensive. Not worth the efforts.

I wouldn't be surprised one bit that funds were embezzled, it's easy enough to pull this off with these shitty EMI models in 2020. Anyone in some eastern european basement can do it. Especially with the method of lax compliance to lure in client deposits into the platform. Suddenly you're...

They took the money and made a run for it, the owners are not even in the UK so they honestly don't give a f**k about the FCA nor any audits to begin with. Any EMI that lets you open an account, asks for minimal documentation, use shady IBCs along with it and lets you transfer money with no...

Willing to bet that there is probably a whole network behind this guy who supported him and enabled him to disappear so easily lol, those guys who pull off massive frauds and manage to get away with them rarely operate alone. Either russian government help in exchange of vital intel or the guy...

Yes, but if you have a corporate account and you want fiat withdrawals for that account, you need a bank account in the name of the entity. For anything else its not necessary. You dont need a bank deposit to verify the account however. KYC does not ask for banking info, since fiat is entirely...

For Kraken at least, you need a bank account in the name of the company to withdraw from your kraken corporate account. You cannot transfer funds between personal and business accounts as the exchange wants them kept separate to prevent smurfing/other money laundering risks. I tried transfering...

Kraken accepts Seychelles corps as well. Just don't bulls**t them with the KYC process and don't be a UBO from a high risk country. Answer their questions in details during the application process and you should be approved without issues. They don't dig too deep but if you give them one liners...

I was referring to Spain and Italy mate for that part.

Definitely, wouldn't gamble on moving there if i was running a business and still trying to build a future for myself, spain's tax authority are some of the worst vultures you'll run into in the world.