It is an interesting topic, In my experience, the problem is not so much the opening of the account, but after opening the account and the funds that reach the account match what you said when opening the account. Of course that depends on what amounts we are talking about.
It is really tempting not to give all the details about your source of wealth, but it is also good to keep in mind that if you intend to regularly deposit into this same account, this can be a problem if the bank starts asking questions about these deposits and they do not match what︀ you originally stated.
If you decide not to tell the whole truth, it is important︁ to structure all your fund movements before you get them to the account so that︂ you can always justify the incoming funds based on what you have declared originally. Is︃ not always easy.
Transferred all its source of wealth to a single bank without telling︄ the whole truth is in my opinion unconscious and can quickly turn into a nightmare︅ for large amounts.
Sometimes it is better to visit several banks until you find the︆ one that accepts you in relation to your commercial activity, you sleep more quietly. Or︇ another option is to distribute the funds to several banks not to sound the famous︈ alerts : -) And nobody will ask questions in this case.
@Martin Everson, I︉ think I do not have to deal with good banks or not choose the right︊ countries because to report a 7-digit amount as savings, most of the banks that I︋ have dealt with will ask how that amount was generated.. Even by declaring the sale︌ of real estate, some banks ask how the funds that enabled the purchase of these︍ properties were generated.
That is the real problem and dilemma when we have activities considered︎ risky by most banks.
