Multiple Banks Asking Me The Same Question [Urgent]

This is probably an information request from your government/tax authorities If they want to confiscate money you won't be woken up.

Think they request statements.

It’s hard to say without knowing your situation. But this was what first came to my mind. For sure there is something going if they all check your address at the same time.

May be to check your tax return. I know that most banks not inform you if a government request statements.

loccu said:

Hi fellas,

In the last 10 days: 4 different bank's who I have an account with were asking me to verify my information.

I feel suspicious. Why are they all asking me to verify my information (mainly adress) ALL at the same time? Is something about to happen / seize attempt upcoming?

West EU. Half are local banks and the other half digital banks. Each account i have from 2 to 6 years

Would love to hear experiences or whether this could be an 'matrix' attack. So I could prepare and move majority of the assets out.

Or is it just that time of the year for everyone?

Greatly appreceate advice right now.

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If in doubt, take precautions.

Believe it or not, they tend to "telegraph" their intentions. Most inexperienced public servants are incapable of conceiving that a regular citizen can take steps to "avoid" them.

I can't even tell you how many legal cases I've read of "educated public servants" going to a judge, ex-parte, to have a certain Bitcoin address or Monero address "frozen" and the funny part: The judge authorizes the motion and then is shocked later that it wasn't carried out by Bitcoin or Monero

If this is the UK.

Then I suspect that it depends on the following

- resident verification
- if owner of a company onshore investigation
- if owner of a company offshore owner investigation

At some point your accounts will disappear and your “cases” are passed to various agencies from fraud, tax etc

If all is ok - 6 months down the line your accounts will either reappear OR you’ll be sent a cheque you can’t cash as no one will register a bank - and you’ll have a marker against you due to the closed account (even if innocent).

If all is not ok your funds get transferred to an account you’ve never heard off and then at some point something happens.

This is based on reading the various posts on de-banking in the UK - it all starts with “information gathering”.

loccu said:

Why would the governemnt/tax authorities request information from all my banks?

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Because they found something suspicious about you in your tax records. In your case I would preparing to move your assets to something safe. Better safe than sorry.

read

loccu said:

How long do u think I have?

Liquid is easy. But what about real estate which takes some time to liquidate and cash out.

Thanks!

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Erm... cash or real-estate can still be seized... and forfeiture is now very common in the UK/EU.

So basically you then have to defend yourself whilst having all financial resources tied up (and often sold) -> see the US as an example - the innocent loose everything.

Best to allow the process to occur as the cash (total_value) is returned if seized and innocent, whereas property sells at a loss (liquidation) and you loose a significant % of the value.

Sounds like new EU regulations

If there is AML happening they will immediately freez your accounts then they will check on you

This is the international process in every banks

Almost all of my friends got their accounts or wise closed because of verification and same with Dukascopy and other EU banks

Alexmorgan said:

Sounds like new EU regulations

If there is AML happening they will immediately freez your accounts then they will check on you

This is the international process in every banks

Almost all of my friends got their accounts or wise closed because of verification and same with Dukascopy and other EU banks

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Lot of banks in the UK are as standard freezing accounts for KyC updates - especially if non resident.

JohnLocke said:

Because they found something suspicious about you in your tax records. In your case I would preparing to move your assets to something safe. Better safe than sorry.

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If it was just about local banks, well, then there might have been just some “common schedule” in the background. But if some non-local fintechs are engaged, too, then I agree with @JohnLocke at 110%.

loccu said:

How long do u think I have?

Liquid is easy. But what about real estate which takes some time to liquidate and cash out.

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Well, maybe it is not necessary to cash real estates immediately – and maybe it is...
My advice is:
1) Have a deep look at your financials and think.
2) Even if you do not find anything worth attention (but I am afraid you will ), find a good lawyer or tax advisor (depending on where you exactly live, this is not EU-uniform) and ask him for an independent opinion on this.
3) Then do
4) If you want to discuss this further here, probably you would be better going to the Mentor Group.

Just a point i went through something similar in the UK during the year of 2022 (late Nov) with Santander for an account i'd had for probably a couple of decades.

Started with a minor deposit to the account to pay for something (death) i was informed the account had been 'frozen' a few weeks earlier to update my KYC records.

Thought OK, rang them and went through a 45 minute call where they were asking the in's and out's of a donkeys a*****e, information not pertinent to the bank itself or my relationship with them, this was along the lines of 'wealth, assets, inheritance, etc' - not being a UK tax payer i was acutely aware it was not their business.

However i indulged, and provided 'some' if not all relevant information to 'direct questions' rather than observe their question and noticed to a point that their lack of expansion on the question which could result in a different answer' in-todays world, note: it's illegal to lie to a bank, and the bank is obviously doing KYC-EDD 'Gov Snooping', so I played along and within the clear lines they set, i answered, IMO their clear lines left a lot of interpretation outside of them.

Alas around 3 months later they rang my elderly Grandmother (don't know why as they verified my details not once but four times). - she told them i was 'overseas' and had been for a very long time.

Nothing occurred for a little bit then the account became cleared again... (i tried to redirect the funds) could not (it failed) month later the accounts disappeared and a account closure process occurred and the funds were moved to another account i'd never heard of - reportedly a account they use to send cheques from.

During this period, never had a direct phone call to my phone (they have), letter to my address overseas (they have), letter to my address (C/O) in the UK (they have), email (they have).

This was during the blitz post covid where the HMRC was in deep s**t due to Gov debasement and destroying the economy, so looking for low - hanging fruit, coupled with Russia and concerns for not being able to look into overseas residents accounts sources, during that period something like 2m of us Non-Residents were de-banked, and something like 1-2m UK non residents were de-banked.

Now the value lost is neither here or there (no clue where they sent the cheque or even if they have as some people stated they have to fly to the UK to do a fund release form - not worth it for the amount) i paid for the flowers for the funeral with card in the end.

But it was a eye opener, and led me to reading the various groups, and likewise this forum.

I can't imagine what life would be like for someone tied completely to the UK / EU / US system and having everything frozen, for myself i've spent most of my adult life away from the UK, and pretty much am Chinese-Western now without the eyes (lol)



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Had similar with month or so ago (just confirm data) kinda irrelevant.

Revolut is required to ensure the information we hold on you is accurate and up-to-date.

To help us remain compliant, please take a couple of minutes to review and update your personal details by xxxxx 2024. We'll use your information for regulatory purposes.

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Maybe have a chat with a good lawyer..

Depending on the country, it can be an update of information - triggered either annually or by some change. Some countries have digital identities connected with documents issued in your name. So when your ID card / passport expires or a new one is issued, the bank is notified.

If it is a criminal investigation, you probably wouldn't be notified in this way.

Based on information exchange agreements the country where you were born and the country where you are registered dont have matching records. That leads them to ask for information based on name and birthdate from all banks in the eurozone.

Good luck managing this when you havent declared what needed to be declared.

One outcome I can predict for you is that one or more accounts will be closed for you.

If your banks are in anyway related (belonging to the same group), then any request for info will be triggered by all. For example, Lloyds, Bank of Scotland and Halifax are all same group and will send out requests same time, especially for CRS and if you live abroad. If you think this is the case, then just give them the basic info they need.

Not talking from experience, but I cannot imagine any tax investigations being proxied through your banks.

markymark said:

Not talking from experience, but I cannot imagine any tax investigations being proxied through your banks.

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From experience I know that some countries use banks for their tax investigations. This experience is as recent as 2023 from myself and 4 close friends in multiple European countries.

markymark said:

I cannot imagine any tax investigations being proxied through your banks

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Gathering of evidence instead of subpoenas. The Dutch do this often. They are sneaky. I have seen them do it to people I know who live in the Netherlands.

For example, anyone that asks me for info, I tell them to go f*ck themselves. I did it here with a service provider who wanted to know my net worth and my taxes and whatnot. F*ck that sh1t! It ain't nobody's business. I'll die on that hill! If they want my info, they can come and try to get it... it will be a one-way trip