Experience with Revolut increasing over 15'000 EUR limit? With whom they share this info?

[Educate]

If you use payment processor Revolut, then you are obliged to provide source of funds when you increase the limit over 15'000 EUR.

Question - with whom this information will be shared if it is approved and limits are raised? What are the risks? And is Revolut subject to CRS reporting standard at end of year? Do they report only the balance at end of year or the turnover as well?

 

[negon]

As you may read in another thread a user claim they will soon be a bank, so once this is true they will share your information with your tax office.

 

[Educate]

auric said:
As you may read in another thread a user claim they will soon be a bank, so once this is true they will share your information with your tax office.
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But what if my account balance at end of year is 0$? So they will just share that I have 0$ at end of year to my tax office? So if I move the money out I am fine?