aml

Economic Crime and Corporate Transparency Act 2023 (ECCTA) As I have learned a lot from this forum I thought that I should contribute. I have not seen any discussion of it anywhere (apologies if I missed it) so I thought that I would post a summary/edit of what the Act’s salient points are. The...

I've had to explain certain transfers in my account to my bank, the source of the money and the identity of the recipient and reasons for the transactions. The source of the money was an account that I hold abroad and declare every year. Money coming to that account were a salary from my local...

Recently a bank asked me to provide them justification for transactions I made from my personal investment account a company account though the checking account of the bank. If I prove them that I am the owner of the source account (investment account) and tell them it's a loan to the company...

Hi to all, Has anyone experience opening corporate accounts on crypto exchanges (Binance, Kraken, Coinbase)? I'm trying to open them for a Hong Kong company, and they ask for a hell of AML/CFT related documentation and procedures. Thanks in advance.

Hello everyone. I have couple of banks in mind (Swiss and UAE) to set up account. Main purpose - cash out crypto to fiat. What is better: 1 - to be proactive and discuss with bank main purpose, show all the proof of legality of my crypto, solve all the possible questions upfront. To prevent...