/biz/ - Business & Finance

[Anonymous No.53003318]

My friend cashed out around $300k he lives in a 3rd world country where he doesn't have to pay taxes on capital gains, but he's never declared his income to anybody and he's a student too. The bankers have called him and asked him where he got the money from and he said crypto and thats all. He's still a little paranoid, should he be worried?

[Anonymous No.53003333]

Id be worried about bank staff telling their friends and their friends robbing me if i was in a 3rd world country lol

[Anonymous No.53003350]

>>53003333
CHECKED!

[Anonymous No.53003356]

Lmao, you think the bank gives a fuck about your little 300k? They process billion dollar transactions from mega corporations, legal settlements, familial old money aristocratic wealth

They just want something to tick on their little box so they can go back to their wage cage

I prob wouldn’t even have said crypto, I’d just have said “online business payment” and hung up. As long as you don’t say something outlandishly illegal, they don’t care at all dude

[Anonymous No.53003364]

>>53003318
hot

[Anonymous No.53003459]

>>53003333
wasted

[Anonymous No.53003502]

>>53003356
dumb retard detected

They literally froze my account in Europe after I cashed out 90k in 2021, of course they care about where the money comes from for "anti laundering" reasons or whatever.

As soon as they see thousands of euros/dollars pouring in from trading exchanges they can red flag your bank account and then close it.

[Anonymous No.53003621]

>>53003502
How long after you cashed out 90k did they freeze it? What happened next? My friend has been doing P2P

[Anonymous No.53003659]

>>53003621
After roughly 4-5 months.

I usually cashed out 5-6k per withdrawal every 10-15 days. I explicitly did that to avoid making a huge withdrawal and getting red flagged immediately, also because the bullrun was ongoing and I didn't want to cash out everything in the midst of it.

It generally depends on the bank though, some banks are crypto friendly others simply don't want anything to do with it. But yeah I was pissed as fuck when they froze my account because I had all my trades to show them about how I bought Bitcoin in 2017/2018...but they simply didn't care

[Anonymous No.53003671]

>>53003659
>but they simply didn't care
Did they let you keep the money then? Strange that they flagged it months after.. hmm.

[Anonymous No.53003681]

>>53003659
So what happened? Did you just have to prove where the money came from and end up keeping it? They can't just steal our fucking money man

[Anonymous No.53003687]

>>53003671
Yes, I simply had to change bank though.

The "director" (or whatever that's called) of the bank branch simply told me that the account got flagged because it was suspicious activity (I'm a NEET)

[Anonymous No.53003698]

>>53003671
>>53003659
I really don’t get this shit. Banks operate in a very retarded fashion. Too much money? Now it’s ours and you have no access to it. Oh, now you have too little money? Okay no problem we’re going to act sensibly and accordingly and begin charging you.

[Anonymous No.53003716]

>>53003698
Yeah they should be destroyed

[Anonymous No.53003722]

>>53003698
As soon as you put money in your bank account it's not "yours" anymore.

The bank can do whatever the fuck it wants, the central HQ of the bank deemed my account to be "suspicious" therefore they told my bank branch to close it. It's as simple as that, they didn't like it.

You can find plenty of other similar stories on reddit of European and American banks doing the same to other people who cashed out crypto.

[Anonymous No.53003733]

>>53003318
The hell are Jews harassing 3rd worlders that only have net worths in the hundreds of thousands? Kikes are ruthless

[Anonymous No.53003746]

>>53003318
>answering calls

If you're in crypto you shouldnt be even opening mail, email or taking calls. Simple as

[Anonymous No.53003780]

>>53003659
Yeah, multiple deposits like that will flag your account. They think you're trying to evade the $10k law. It's best to call them ahead and tell them you're making deposits totaling more than 10k.

[Anonymous No.53003868]

>>53003502
but you are an europoor cattle slave, your situation is different.
You exist only to wage and pay taxes for the shitskin refugees to come in and repace you

[Anonymous No.53003896]

>>53003318
Make sure he has multiple bank accounts that he splits the money across in case any of them try locking him out. Anyways, why keep the money in cash?

[Anonymous No.53003900]

>>53003698
its not retarded
its calculated and refined to control/subvert the goyim

[Anonymous No.53004723]

>>53003318
>doesn't have to pay taxes on capital gains
If that's true, that's it. He should just ask for professional opinion from government tax institution to stop worrying what he must do. Emphasis on must not should.

[Anonymous No.53004872]

>>53003318
They don’t insure with tax or public identity because you need your own protection or the police will usually notice after.

[Anonymous No.53004982]

>>53003356
They absolutely do give a fuck though. The clients tossing big money around are what keeps them in business, some random broke ass unemployed nigger suddenly having an unexplained few hundred thousand to his name is a liability and a potential unwanted visit from the feds. You can and will get them off your case if you have an explanation, but if you just go "business lol" then you're playing with fire.

>>53003780
This, I let my bank know in advance and they just said "okay cool enjoy your windfall". Trying to be sly just gets you red flagged even harder because the banks have dealt with "sneaky" people before and the suspicious bullshit detector is tuned accordingly.

[Anonymous No.53004996]

>>53003318
>you wil never get a girl like this

[Anonymous No.53005022]

Wow feels good to be an American after reading all these third world replies.
I move hundreds of thousands around and don’t say shit because no one asks because that’s not weird here