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Any reviews / feedback about "IBS - International Business Settlement"

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Blackcrypto

Active Member
Oct 30, 2021
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LT
#1
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Hello,

I want to open a business account to buy and sell crypto vs FIAT to my customers and i'm thinking to apply at IBS.

So, please any feedback about "IBS" are they good? not strict?

Any suggestions?

Thanks
 
#2
They have strict compliance KYC/AML initial but are absolutely fine when transacting around.

They provide SEPA and TARGET2 in EUR even when you are in Crypto - that's awesome and very unusual.

One of the very few LT based EMI's without any regulator fine or questionable past.
 
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#4
Fred said:
They have strict compliance KYC/AML initial but are absolutely fine when transacting around.

They provide SEPA and TARGET2 in EUR even when you are in Crypto - that's awesome and very unusual.

One of the very few LT based EMI's without any regulator fine or questionable past.
Click to expand...
Thank you for your reply
Do you have an account with them?
 
#5
They are not a joker EMI and you need to have source of funds etc. in place - only recommended for clean straightforward structures and funds.
 
#8
Fred said:
We provide such kind of service only to our existing clients.

Thanks for your interest.
Click to expand...
@Fred So, you can't accept new clients?
Also, please is IBS good? Are they very strict or just fine with transaction like 7K-10K-20K- 50K for each payment? we want to open an account with them B2C (we buy and sell crypto to our clients) means we'll receive payment from our clients.
Will they ask for SOF/W for any payment? / are there compliance too strict or just good.
Since you have an experience with them i hope you will share it.
 
#9
Blackcrypto said:
@Fred So, you can't accept new clients?
Also, please is IBS good? Are they very strict or just fine with transaction like 7K-10K-20K- 50K for each payment? we want to open an account with them B2C (we buy and sell crypto to our clients) means we'll receive payment from our clients.
Will they ask for SOF/W for any payment? / are there compliance too strict or just good.
Since you have an experience with them i hope you will share it.
Click to expand...
You requested Account Opening at IBS which we don't provide as a standalone service - only for existing clients which went with our Dubai Setup.

We use such EMI's very rare - only if the circumstances of the clients doesn't allow something else.


Yes they ask documents for almost any payment like every EMI nowadays. That's why we propose our setup with local UAE Bank Account to have transactional Offshore Banking not getting asked every 1000$ transfer.
 
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#10
Fred said:
You requested Account Opening at IBS which we don't provide as a standalone service - only for existing clients which went with our Dubai Setup.

We use such EMI's very rare - only if the circumstances of the clients doesn't allow something else.


Yes they ask documents for almost any payment like every EMI nowadays. That's why we propose our setup with local UAE Bank Account to have transactional Offshore Banking not getting asked every 1000$ transfer.
Click to expand...
Can we talk in private messages?
 
#12
Fred said:
Sure you can either send a PM here in the forum or click the banner below my posts for direct Messenger / E-Mail Contact.
Click to expand...
Did that
 
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