Bilderlings and CRS

[pipona]

I considered Bilderlings EMI a few months ago but never followed through with it due to high fees. Recently I received an email from a rep there with the following image that says NO CRS reporting.

I emailed the account rep asking to clarify this and got the reply that "Yes, we do not report CRS".

What's your opinion about this, gentlemen?
Are Bilderlings full of s**t or could they indeed not be reporting CRS.

 

[Martin Everson]

Wow slap bang on their homepage they have a No CRS image. That's really asking for trouble. That's like a gold shop explicitly advertising "We take 500 euro notes all day long".....just wow.

Company is run by Latvians:

BILDERLINGS PAY LIMITED - Officers (free information from Companies House)

You will want to read their financial report and strategy. Seems they want UK companies as "the dominating customer group" due to Brexit concerns 😕. Don't know if you want a business or personal account but this EMI like most EMI's aint making no money and this one seems desperate. They got the marketing wrong and are acting like an old school Latvian Bank. They might as well replace "No CRS" with "We take dirty money". It's the same thing really....lol.

Financial Accounts 2018:

https://beta.companieshouse.gov.uk/...A5M2FkaXF6a2N4/document?format=pdf&download=0
The below site tells me all I need to know. Seems this is just payment processing for HNWI and you will just be one of the cover customers for this Russian operation.

Bilderlings - international group of companies

Last edited: May 14, 2020
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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[JohnLocke]

Martin Everson said:
The below site tells me all I need to know. Seems this is just payment processing for HNWI and you will just be one of the cover customers for this Russian operation.
Click to expand...

As always thanks @Martin Everson 🙂 Can you please pin out what HNWI stands for, just for the stupid guy rof/%

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[FinTech Avenger]

Martin Everson said:
Wow slap bang on their homepage they have a No CRS image. That's really asking for trouble. That's like a gold shop explicitly advertising "We take 500 euro notes all day long".....just wow.

Company is run by Latvians:

BILDERLINGS PAY LIMITED - Officers (free information from Companies House)

You will want to read their financial report and strategy. Seems they want UK companies as "the dominating customer group" due to Brexit concerns 😕. Don't know if you want a business or personal account but this EMI like most EMI's aint making no money and this one seems desperate. They got the marketing wrong and are acting like an old school Latvian Bank. They might as well replace "No CRS" with "We take dirty money". It's the same thing really....lol.

Financial Accounts 2018:

https://beta.companieshouse.gov.uk/...A5M2FkaXF6a2N4/document?format=pdf&download=0
The below site tells me all I need to know. Seems this is just payment processing for HNWI and you will just be one of the cover customers for this Russian operation.

Bilderlings - international group of companies
Click to expand...

They are in fact being ran by former RIetumu executives 🙂

Admin said:
As always thanks @Martin Everson 🙂 Can you please pin out what HNWI stands for, just for the stupid guy rof/%
Click to expand...

HNWI = high net worth individual

 

[Martin Everson]

Incorporator said:
They are in fact being ran by former RIetumu executives 🙂
Click to expand...

Well that would explain a lot if so. I was looking at their fees and they are THIEVES like Rietumu. They charge 1000 euros for:

"Commission fee for failing to provide the full extent of information and documentation by the deadline specified in the request"

I can tell you there business model right now - basically by attracting clients who want to avoid CRS they can simply steal money from those clients knowing they could never complain to police or authorities...lol.

The group offers Trust services and wealth management. Using Bilderlings Pay in UK to hold money they are basically creating non-CRS reportable structures for wealthy CEE clients is my guess ca#"!.

@pipona I would personally avoid. It has all indications of a Russian laundromat with some side clients as yourself needed as cover. When UK eventually catches what they are up to your money will be frozen for ages like epayments while they fix AML/KYC issues 😉.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[pipona]

Thanks very much Martin -- it's great to have you around here. Those UK financial statements are very interesting indeed.

To be fair, the non-CRS claim was in an email, not blatantly on their website, but it was still a bold enough move to shock me.

looks like a Peskov family business, is that the Rietumu guy?
https://company.lursoft.lv/en/bilderlings-holdings/40103904600

 

[Martin Everson]

pipona said:
To be fair, the non-CRS claim was in an email, not blatantly on their website, but it was still a bold enough move to shock me.
Click to expand...

It was BLATANTLY on their website as I said. The "No CRS" claim was on the front page of their website down and to the left i.e a big CRS logo with a strike right through it. How come they just removed this image in last few days since my last post? That's very very fishy and not a coincidence. Why did they just remove it just now? ca#"!

Last edited: May 17, 2020
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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[pipona]

wow I did not realize that. so we should assume they have eyes inside this mentor group...

 

[Btraveler]

Martin Everson said:
Well that would explain a lot if so. I was looking at their fees and they are THIEVES like Rietumu. They charge 1000 euros for:

"Commission fee for failing to provide the full extent of information and documentation by the deadline specified in the request"

I can tell you there business model right now - basically by attracting clients who want to avoid CRS they can simply steal money from those clients knowing they could never complain to police or authorities...lol.

The group offers Trust services and wealth management. Using Bilderlings Pay in UK to hold money they are basically creating non-CRS reportable structures for wealthy CEE clients is my guess ca#"!.

@pipona I would personally avoid. It has all indications of a Russian laundromat with some side clients as yourself needed as cover. When UK eventually catches what they are up to your money will be frozen for ages like epayments while they fix AML/KYC issues 😉.
Click to expand...

Right that! They are the same executive officers from Rietmu Bank, so @pipona better don't put your money in there. Besides, I'm just guessing if BlueOrange Bank is run by the same people?

 

[Martin Everson]

pipona said:
wow I did not realize that. so we should assume they have eyes inside this mentor group...
Click to expand...

Yes.....thats the scary part.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[FinTech Avenger]

Martin Everson said:
Yes.....thats the scary part.
Click to expand...

Well, they have quite a lot of agents, so probably someone decided to alert them on what's happening on OCT 🙂

 

[Martin Everson]

Incorporator said:
Well, they have quite a lot of agents, so probably someone decided to alert them on what's happening on OCT 🙂
Click to expand...

Hummmm I need to be careful what I post hi%#

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.