Transferewise and AEOI ?

isp00rt

Active Member
Ok. Maybe TW is not under CRS right now, but what about its partner bank, Barclays? Is Barclays closing their eyes while TW moves all that money from here to there?
 

Martin Everson

HNWI Offshore Consultant
Business Angel
Mentor Group
Is Barclays closing their eyes while TW moves all that money from here to there?
Barclays is one of HMRC's home banks used for UK tax collection :oops:. I am sure HMRC is seeing everything at some level and can share intel with other states if they choose.

 

isp00rt

Active Member
Barclays is one of HMRC's home banks used for UK tax collection :oops:. I am sure HMRC is seeing everything at some level and can share intel with other states if they choose.

That's what I guessed. This is why TW is NOT a way to avoid CRS, sadly. :(
 

GiGoGo

Building Trust
Entrepreneur
Mentor Group
What if you store it on USD, Eur, Aud or NZD balance?
 

mange38

Building Trust
Entrepreneur
He is asking if USD transferwise accounts are reported under CRS/AEOI.

My guess is yes. Relying on non disclosure will get you in jail.
 

GiGoGo

Building Trust
Entrepreneur
Mentor Group
He is asking if USD transferwise accounts are reported under CRS/AEOI.

My guess is yes. Relying on non disclosure will get you in jail.
Thanks God I moved to HK
 

isp00rt

Active Member
He is asking if USD transferwise accounts are reported under CRS/AEOI.

My guess is yes. Relying on non disclosure will get you in jail.
As I said in a previous post, TW confirmed they don't report under CRS. The problem is its partner bank. They will do it for sure no matter what currency your account is in. :(
 
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