Getting decline by EMI in the WorldCheck for having a Money laundering offence in the past

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Christo123

New member
Hello everybody!
I'm going to need your help...
A good friend of mine and is partner were trying to apply a EMI called Valyuz
After all the form has been submitted they been told that since one of them had a problem in the US authority in the past (offence for money laundering ) it got decline and we won't be able to apply again with them.
My question is what my friend can do now in order to open a bank account/EMI? the business is going to be dealing with casino and paying casino affiliates (nothing in the purpose of doing illegal stuff )
1)Should his partner apply by him self to the EMI and by that they will get approve? (one of the questions that the EMI are asking who's the directors and how many % of the company he own and that's tricky part)
2)Is there EMI that won't run WorldCheck and will look anywhere else beside the US? (they are not going to work in the US at all)
3) what other ways there is to open a bank account/EMI for a person that been charge for financial crime and would like to have a legit business?

If anyone can help me friend understand a little bit more of to move forward it will be great\
Thank you guys
 

JohnnyDoe

Schrödinger's guy
Mentor Group Gold
Unfortunately you will most likely be rejected everywhere. It is unjust but that’s how it works. So you should either use a nominee or a fake identity.
 

Christo123

New member
Unfortunately you will most likely be rejected everywhere. It is unjust but that’s how it works. So you should either use a nominee or a fake identity.
Hmm He doesn’t want to use fake Id
But how about him not going to be on the emi? Only on the company name ?
 

JohnnyDoe

Schrödinger's guy
Mentor Group Gold
Hmm He doesn’t want to use fake Id
But how about him not going to be on the emi? Only on the company name ?
They will find out and reject you. You might even be inserted in a banks blacklist/ban list. Banks are criminal operations, play their game and you will be happy.
 

Christo123

New member
Ok got you , thank you mate
If there is anyone else that think that he might have a solution (for example that my friend will own 100% of the company and then apply by himself to the EMI and after this is done give him back 50% of my company shares) or anything like that
Thanks
 

Sols

Staff member
Mentor Group Gold
Your friend will not be able to open — or at least not keep open — any kind of account. Even if your friend owns 0% first and then gets their 50% share, those 50% will show up when the bank performs repeated KYC on you in the future.

To avoid this headache, your friend needs to not be involved in the company ownership or directorship (either direct or indirect) at all, now or in the present.
 

GlobalConsult

Active Member
Or change name.
It won't work that way, because everyone is obliged to state their former name.

Such checks are not carried out without reason. Anyone who has been a criminal will remain so in the future and why should the banks allow this person to cheat customers again?

So the rejection is perfectly legitimate!
 

JohnnyDoe

Schrödinger's guy
Mentor Group Gold
It won't work that way, because everyone is obliged to state their former name.

Such checks are not carried out without reason. Anyone who has been a criminal will remain so in the future and why should the banks allow this person to cheat customers again?

So the rejection is perfectly legitimate!
Very wrong reasoning. A person who has committed a crime and has served a sentence is supposed to be clean. Actually cleaner and less likely to commit again a crime than other people who have not been caught.
 

daxbr

Entrepreneur
Do not know about Lithuania, but in other jurisdictions he could sue the bank and win. You cannot stop a man from making a living.
 

daxbr

Entrepreneur
US for sure also there are countries that grant permanent residence and do not check criminal record. You may want to look into opening a basic payment account (discussed on this forum some time ago) with a traditional bank. Once you establish a positive reputation, you can apply for other services.
 

OffMyBack

Mentor Group Gold
is this event
"After all the form has been submitted they been told that since one of them had a problem in the US authority in the past (offence for money laundering ) it got decline and we won't be able to apply again with them."

a public one, ie by court with his name mentioned? In that case it wont only be worldcheck in it I would have thought, even Dr Google will throw it up?
 

James Spader

Forum Moderator
Staff member
Elite Member
If he has a wife or any children over the age of 18. They can stand in his place, this is a very common practice in the real estate world.
true, actually very common for most people that have trouble with either their tax, office, creditors and lenders or in any other way can't have their name on a business.
 

CaptK

Nominee Company Bank Account Real Estate Passport
BANNED MEMBER
Do not know about Lithuania, but in other jurisdictions he could sue the bank and win. You cannot stop a man from making a living.
They are not obligated to offer you an account!!
 

bonox

Corporate Services
Silver Member
Mentor Group Gold
Business Angel
Do not know about Lithuania, but in other jurisdictions he could sue the bank and win. You cannot stop a man from making a living.
they decide if they want to take your business or not. It's an EMI not a local bank.
 

uplana

Corporate Services
Mentor Group Gold
Do not know about Lithuania, but in other jurisdictions he could sue the bank and win. You cannot stop a man from making a living.
but you can stop a man who is in the worldcheck database. There must be a reason for that?!
 

JohnnyDoe

Schrödinger's guy
Mentor Group Gold
but you can stop a man who is in the worldcheck database. There must be a reason for that?!
Google the various horror stories of WorldCheck. It’s nothing more than a bad Google search, whereby WorldCheck summarizes and badly interprets what it finds on public sources.
 
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