Those EMI's share information so those split deposits are seen as a large chunk by whoever you don't want to mess with. Once he does that it's game over.
Those EMI's share information so those split deposits are seen as a large chunk by whoever you don't want to mess with. Once he does that it's game over.Find 5/6 EMIs and split deposits in $20-30k weekly transactions to stay under the radar. Just say they're trading profits and you'll be good
Since when competiting private companies share each other financial records and sensitive data about their clients?Those EMI's share information so those split deposits are seen as a large chunk by whoever you don't want to mess with. Once he does that it's game over.
https://en.wikipedia.org/wiki/List_of_European_countries_by_average_wageafter consulting wikipedia which im pretty sure the geniuses from eu institutions consult as well, Id answer this with yes, its way too much money just for spendingI agree with @Marshal, but I'd still love to hear your solution because I went through many shutdowns with several EMIs.
Here is just a single one I wrote about before (early 2023): Unlock the Gates of Success: Mentor Group Gold!
Of particular interest is @Sol's response, which sheds fantastic light on the issue. I got harassed by the EMI for spending about 6K per month.
The EMI could see that the spending happened in local CH stores:
(1) Migros (Groceries)
(2) Der Online-Supermarkt von Coop | coop.ch (Groceries)
(3) Zug Apotheke (Pharmacy)
(4) Bestelle frische Lebensmittel in deinem Online-Markt (Platform with organic products that do home delivery)
(5) Doctors' visits & laboratory visits (blood test, hair test, urine test)
(6) Personalized Swiss Supplements based on blood tests and DNA testing
(7) Gyms and spas (when I write spas, I mean this: Victoria Jungfrau Hotel - Interlaken - Spa - not degenerate behavior)
(8) Other personal items & consumptions.
(9) Train rides.
What is strange and excessive about the above list?
Every European EMI shut down my accounts because it was "too much money." Is 6K/month spent on personal items too much money?
True! That is why I mostly use Swiss systems in CH. It's mind-boggling how the EU mentality has descended into "poverty."With all the SARS reporting - you can be pretty sure most of these EMIs just file and leave for the authorities to pick the pieces of.
FATF Travel Rule.Since when competiting private companies share each other financial records and sensitive data about their clients?
Exactly! 100%! You went into it much more profoundly than I did. I can't understand how the OP has not thought of this yet.Since you are technical, spin up an online store/service that accepts crypto, use bitpay or other crypto payment processor. Pay yourself with crypto, bitpay handles the conversion and wires to you. You just need to open normal bank account local to you, you will be receiving fiat with verifable source (ecommerce) so any bank account should do.
(it's better to do that via company though)
let us know how it goes
what did you do there? Looks real cool, but if you go there alone(7) Gyms and spas (when I write spas, I mean this: Victoria Jungfrau Hotel - Interlaken - Spa - not degenerate behavior)
In the Czech Republic, you can legally obtain funds in a bank account when you find a person willing to accept your crypto with whom you make transactions with shares that are not in the database of the company's ultimate owners. Profit from the sale of shares under certain conditions is exempt from tax. Tax-exempt income above 5 million CZK is only reported to the Tax Office.Hello everyone,
I am new to this forum and looking for information.
I'm trying to plan my cashout (7 figures) but I'm encountering several big problems. In particular because of the origin of the funds which I cannot give, as there are none.
No judgement here, if Im not wrong! (I'll delete the post if necessary)
My big problem is that I don't even have a banking history, I've been living in crypto with ATMs for several years, and I live mainly in cash. (In many countries)
For the society, I'm technically homeless I suppose.
---
Today, I'm looking to get back into the "normal" world, get a job, or start my own business, etc. But to do that, I need to have money in a bank account. (I especially want to buy real estate).
I've tried in Europe but it seems to be technically impossible (private bank) which requires the origin of the funds.
Do you have any ideas or strategies for withdrawing this money?
Dubai seems to be the easiest place to do it, but you need to live there for X amount of time (no problem living there). But if in the end you get a no/the same questions as here, I don't see the point.
In return I can bring you my technical knowledge (coding) on your crypto projects.
Thanks in advance, and have a good Sunday!
Relax! Get pamperedwhat did you do there?
100% alone! I enjoy my own company!Looks real cool, but if you go there alone
Wise was one for sure.What EMI did shut down your account because of the transactions?
lol the second piece of advice is after they do you in for money laundering (file SARS and had conversations)I expressed myself poorly. I meant to select EMIs (EU and non-EU) instead of regular bank accounts. It is well known that they have two very different levels of compliance. Most of the EMIs are located in the Baltic countries/UK but it is what it is. So you split deposits into small periodic transactions and won't have too many question asked for those amounts.
An alternative is to register a US LLC, open accounts with Wise/Mercury/Novel, and accept payments from Binance P2P. They will ask you to send some invoices but you can find many generators online. The same applies here: they will eventually close your account, so you will have to open another one, and probably register more than a single LLC. Unfortunately there's no one-click solution.
Wise shuts down early these days due to being listed company - likely not a view point of something illicit - just ensuring they stay compliant due to fines and loosing license.Relax! Get pampered
100% alone! I enjoy my own company!
My inviolable life rule is to NEVER take anyone anywhere they can't afford to go by themselves and didn't think to go by themselves.
That's a NO-NO for me.
Of course, the people I meet there, I can make plans to meet them there again, but "outsiders" are forbidden to even know about it (IRL).
Wise was one for sure.
Now, I use mainly use Swiss, Monégasque, American, and Chinese EMIs/banks.
Pro Se! You tear the system apart.You find all your assets frozen and you can’t afford a lawyer.
You get taken to task for tax evasion, proceeds of a crime, money laundering.
Bitcoin, Monero, etc. Basically, RIPCORD is the only way to avoid this!You find all your assets frozen
Yeah, sadly, this is a reality for anyone who is NOT politically connected or privileged, but the tides are changing.Your end up dying in prison from old age, being shanked or other.
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