What happens if the Bank is not happy with your SoF? Whats the end game?

spaniard1337 said:

they keep the money AND i get sued and need to go to court and face criminal charges?

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this, plus you get fined, your other assets are seized, your home and office are searched, you are arrested. Eventually a court might find you not guilty, but you will have spent big money on lawyers, so in practice it won’t make a big difference. Oh and your name will be entered into the WorldCheck database, so you will no longer be able to open a bank account.

Better to be safe than sorry and take measures to avoid the risk. Think and act as a criminal, because you are dealing with criminals (the state mafia).

spaniard1337 said:

Thanks for the answer.
Honestly: What kind of measures can I take to "avoid the risk" besides direct exchange p2p to Cash?

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It has been discussed many times here, you should get a mentor gold membership and explore

It costs money to make money.

spaniard1337 said:

Hi,

this is just a theoretical question.
We talk a lot about AML/MiCA and SoF for Banks here. Now I am in a position where all my funds are clean, never did anything illegal. But I do mostly OTC deals for early Investments, Seed rounds or buying from teams/private persons who need urgently liquidity.
On-Chain it just look like that:

• My Wallet sending Wallet XYZ 1000$ in ETH
• 1 month later I receive 1000-10,000$ (or whatever the price is by then) of the Token I bought. => Often this value is much higher than the buy-price (thats the whole purpose of doing OTC deals)
• I sell these tokens and gain $

I declare all these trades correctly as I am supposed to and I also pay my taxes on the gains. Nothing illegal. All clean.
But how am I supposed to "proof" my source of funds to the Banks? Do I just provide them my trading log (I can even include all On-Chain TX Links) and hope they believe me?

And now the real question: As the Bank decides if a proof is sufficient or not and you never really know....
What's the WORST case if they just dont "believe" me or dont accept my SoF as a proof where my funds came from?
Whats the Endgame here? Do I get sued? Do they "just" keep my money or do they keep the money AND i get sued and need to go to court and face criminal charges?

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Your subconscious has ALREADY told you the answer!
As @JohnnyDoe already mentioned, get a membership and we'll guide you BUT you must think & act like a criminal as you are genuinely dealing with the worst criminals on the planet! Their raison d'être is to transfer whatever you have to their pockets! Slavery NEVER ended...it just mutated into a more devious and socially acceptable form.

When dealing with state-licensed "anything", one MUST adhere to what a Master Rigger inculcated into me when I was learning to skydive over 40 years ago:
If, at first, you don't succeed, skydiving is NOT for you!

spaniard1337 said:

Hi,

this is just a theoretical question.
We talk a lot about AML/MiCA and SoF for Banks here. Now I am in a position where all my funds are clean, never did anything illegal. But I do mostly OTC deals for early Investments, Seed rounds or buying from teams/private persons who need urgently liquidity.
On-Chain it just look like that:

• My Wallet sending Wallet XYZ 1000$ in ETH
• 1 month later I receive 1000-10,000$ (or whatever the price is by then) of the Token I bought. => Often this value is much higher than the buy-price (thats the whole purpose of doing OTC deals)
• I sell these tokens and gain $

I declare all these trades correctly as I am supposed to and I also pay my taxes on the gains. Nothing illegal. All clean.
But how am I supposed to "proof" my source of funds to the Banks? Do I just provide them my trading log (I can even include all On-Chain TX Links) and hope they believe me?

And now the real question: As the Bank decides if a proof is sufficient or not and you never really know....
What's the WORST case if they just dont "believe" me or dont accept my SoF as a proof where my funds came from?
Whats the Endgame here? Do I get sued? Do they "just" keep my money or do they keep the money AND i get sued and need to go to court and face criminal charges?

Click to expand...

I am a bit concerned...
I believe you are genuine, but be careful with those who try to lure you off the OCT site and into their private "microcosm" with promises that far exceed reasonable expectations where they will NOT be liable for ANY misinformation or disinformation and may even profit from your "demise." . On OCT, you will learn to do your OWN due diligence and things for yourself and NOT subject yourself to the whims and follies of others. You don't have to rely on "fantasies". Nobody, and I mean NOBODY, will deposit money into your commissary account or pay your legal fees.
It is much easier and serene to STAY out of trouble (zero cost) than to GET OUT of trouble (unlimited expenses and stress and maybe even loss of liberty).

Remember:
Paso corto, vista larga, mucha mala leche, y MUCHA, pero MUCHA mala fe!