Cyprus now reports to the US?

[Tical]

I see Cyprus. Now reports bank account and Corp owners to th US. Where can we go for privacy these day?

 

[negon]

It has been so for a long time! There is really no news about it. If you use Google and search siteffshorecorptalk.com CRS and tax information exchange you can find plenty of threads about it.

There is no real bank any longer that don't report! What you may see is banks that claim they don't report but don't trust them!

 

[void]

Right now I see only small differences (disadvantages) between using banks (reporting ownership of the account) and EMIs (not reporting for now). There are relatively open services like Mistertango, Transferwise, Revolut, Skrill, ... offering high limits, IBANs, multiple currency management etc.
The real question is how long do you think this can last - it's so obvious leak of the system that it will be also gone in maybe 2 years?
Does anyone have a strong opinion or information regarding this?

 

[lostman]

The real question is how long do you think this can last - it's so obvious leak of the system that it will be also gone in maybe 2 years?

I believe in 2 - 3 years this is gone, you will face them report you.

What I think is that crypto will replace the entire thing somehow.