Banks checking you for incoming Swift Transfers from USA

zeytin

Building Trust
Entrepreneur
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.
 

Martin Everson

HNWI Offshore Consultant
Business Angel
Mentor Group
Yup they want to make sure you are not secretly a US person. Secondly I don't know if you are receiving thirdparty funds from US in USD but that is high risk also for a bank also. I don't do any business related to US or even touch USD but I know banks police US transactions. The ones that don't lose their USD correspondence bank very quickly indeed.

@Dangan Why are you spamming the forum after joining today with the same post advertising your imaginary bank and asking people to PM you?

@Admin This new user Dangan lost the plot with his repeated covert advertising for his service for at least the 3rd time today.
 
Last edited:

zeytin

Building Trust
Entrepreneur
I'm getting USD payment from an American company, I guess that's the problem because name isn't Amazon/Google etc.
 

Martin Everson

HNWI Offshore Consultant
Business Angel
Mentor Group
I'm getting USD payment from an American company, I guess that's the problem because name isn't Amazon/Google etc.
I guess they are rightly paranoid if you see the type of fines the US is handing out these days for compliance failures around handling of USD.
 

Martin Everson

HNWI Offshore Consultant
Business Angel
Mentor Group
Why? Childhood trauma?
lol....

No for Ideological reasons. I don't want to support dollar hegemony and be responsible for supporting endless wars. There is enough death and destruction in this world without supporting the currency used to fund it all. I would rather be poor and homeless with a clean conscience.
 

iloveyouguys

Building Trust
Entrepreneur
So it's not financial decision? Alright. I wonder how much money you are losing because you're not involved in the US.

Imo no group of people are more evil than another as we are different colors of the same shit. But you must have some personal experience which I can understand.

I suppose you believe in existence of a creator. Do you have a clean conscience? Maybe this is getting offtopic haha
 

Martin Everson

HNWI Offshore Consultant
Business Angel
Mentor Group
So it's not financial decision? Alright.
No its ideological.

I wonder how much money you are losing because you're not involved in the US.
You should be wondering the opposite on how much money I make not being involved with the US :cool:.

I suppose you believe in existence of a creator.
Yes and we will all have to answer to him for our choices.

Do you have a clean conscience?
No.

Just do not harm others by your actions and try and give back something no matter how much wrong you do and you will be fine in life thu&¤#.

P.S Is the therapy session over counselor? ns2
 
Top