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Zen.com and CRS?

#22
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#28
Zen is the last EMI I would use, because much of their business is based in Poland. Polish prosecutors sooner or later destroy any innovative business run from within the country. It happens so frequently you would almost suspect it's some kind of conspiracy to prevent the Polish economy from growing in any way. Mark my words - if they are doing anything wrong or not they will get destroyed sooner or later. The latest victim is https://cinkciarz.pl/ - online currency exchange that I guess was taking too much business from western european banks...
 
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#29
cionide said:
Zen is the last EMI I would use, because much of their business is based in Poland. Polish prosecutors sooner or later destroy any innovative business run from within the country. It happens so frequently you would almost suspect it's some kind of conspiracy to prevent the Polish economy from growing in any way. Mark my words - if they are doing anything wrong or not they will get destroyed sooner or later. The latest victim is https://cinkciarz.pl/ - online currency exchange that I guess was taking too much business from western european banks...
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Yes, what occured with Conotoxia and Cinkciarz is really messed up. I am hopeful some of their lawsuits against the banks in PL and the KNF as a whole will be successful, but this is 'in the stars'.

ZEN is under pressure mainly in Lithuania too; the regulator is quite crazy in current times and they underwent LB's audit there a short while ago too.
 
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#30
ilke said:
Yes, what occured with Conotoxia and Cinkciarz is really messed up. I am hopeful some of their lawsuits against the banks in PL and the KNF as a whole will be successful, but this is 'in the stars'.

ZEN is under pressure mainly in Lithuania too; the regulator is quite crazy in current times and they underwent LB's audit there a short while ago too.
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They at least managed to relocate to Cyprus fairly quickly. This is all fairly normal for Poland.

Some tech company does well, some sheriff prosecutor wants to make a name for himself and issues arrest warrant. In Poland it is enough for prosecutor to sign a document and you get 6am raid in house. No judge needs to order it, no judge reviews it. He is free to do whatever he wants, evidence or not. He has to go to court to get 3 months temporary arrest but in most areas the judges have 90-100% in favor of the prosecutors request for temporary arrest. After arrest, they like to make giant media campaign of their great success in fighting organized crime. The arrest gets extended potentially for years and then finally guy gets released, *quietly* found not guilty and after 20 years of court battles get some bulls**t compensation after losing company, family and everything. Prosecutor that was wrong gets nothing. Previous government even removed "fruit of the poisoned tree" from criminal law so even illegal evidence or evidence obtained outside of correct procedures can be used. This has happened dozens of times. At this point every fucking "loud" arrest is suspicious to me.

I know some people have recommended Poland for IPBOX etc for taxes but honestly - everyone should stay the f**k away from this country. The justice system here makes you miss the mafia from the 90s. Running a successful business here will in the long term earn you nothing other then PTSD.
 
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#31
DerAufklaerer said:
Yes they also write me that they reported to LT tax autorties and then the LT tax autorities get to another law autorities

So bye bye :(
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So you assumed that Zen did not report to the tax authorities about your banking relations, hopefully that’s not true! Everyone in Europe does that, that’s the beauty of this whole tax fest they’ve got going on.
 
#32
cionide said:
Some tech company does well, some sheriff prosecutor wants to make a name for himself and issues arrest warrant. In Poland it is enough for prosecutor to sign a document and you get 6am raid in house. No judge needs to order it, no judge reviews it. He is free to do whatever he wants, evidence or not. He has to go to court to get 3 months temporary arrest but in most areas the judges have 90-100% in favor of the prosecutors request for temporary arrest. After arrest, they like to make giant media campaign of their great success in fighting organized crime. The arrest gets extended potentially for years and then finally guy gets released, *quietly* found not guilty and after 20 years of court battles get some bulls**t compensation after losing company, family and everything. Prosecutor that was wrong gets nothing. Previous government even removed "fruit of the poisoned tree" from criminal law so even illegal evidence or evidence obtained outside of correct procedures can be used. This has happened dozens of times. At this point every fucking "loud" arrest is suspicious to me.
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EuroPacBank was also based in Poland? :oops:rof/%

Joking aside, really stay away from Poland.
I have already had a bad experience myself.
If they block your money, you can deem it as a donation to the government.
Marie Manila

Post in thread 'ING BANK IN Poland'

I'd stay far away from Poland.
A prosecutor blocked my money (less than 30 $) because it "seemed to be involved in terror financing and money laundering".

They could not find/prove anything and they stopped the impeachment two years ago, but they did not release the money.

The account got blocked in 2013. Honestly I do not care about that small amount of money, but I will never deal with Poland again.
 
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