Hi,
I thought this could help some people understand the scrutiny of new regulations of the banks, no matter where they are. While I had no such problems in the past, it became evident last year for me that freedom of transferring your money between A and B is no more.
I have a bank account in my home country in a bank bought by BBVA and they never ask any questions for my incoming bank wires because I have a good and old account standing with them and my profile is complete.
My other account at a bank bought by BNP Paribas and while my account is not new and I use it for other things (not a shell account), they hold my incoming swift from an American company and called me to ask questions. Whenever I send money to here from my personal offshore account (sender and receiver name is the same), there was no such problem.
My third account at a bank bought by QNB and again my account is a few years old but I haven't used it much. Transfers from my offshore personal account to here didn't raise any flags. However, when I get paid from a US company, they hold my money and not call me but rather investigate me on LinkedIn.
I opened a new account where I live in the SEA region (starts with T). While their brochure explicitly says they won't ask the source of funds you transfer, they interrogated me while opening an account. I was like in shock and I filled so many forms, just because I mentioned my salary from the US will be deposited here. It took hours just to open a bank account and I guess the banking system we know of is no longer capable to serve people.
I thought this could help some people understand the scrutiny of new regulations of the banks, no matter where they are. While I had no such problems in the past, it became evident last year for me that freedom of transferring your money between A and B is no more.
I have a bank account in my home country in a bank bought by BBVA and they never ask any questions for my incoming bank wires because I have a good and old account standing with them and my profile is complete.
My other account at a bank bought by BNP Paribas and while my account is not new and I use it for other things (not a shell account), they hold my incoming swift from an American company and called me to ask questions. Whenever I send money to here from my personal offshore account (sender and receiver name is the same), there was no such problem.
My third account at a bank bought by QNB and again my account is a few years old but I haven't used it much. Transfers from my offshore personal account to here didn't raise any flags. However, when I get paid from a US company, they hold my money and not call me but rather investigate me on LinkedIn.
I opened a new account where I live in the SEA region (starts with T). While their brochure explicitly says they won't ask the source of funds you transfer, they interrogated me while opening an account. I was like in shock and I filled so many forms, just because I mentioned my salary from the US will be deposited here. It took hours just to open a bank account and I guess the banking system we know of is no longer capable to serve people.
.
