Need some help regarding a banking issue! - Printable Version

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Need some help regarding a banking issue! - LEMONed IScream - 05-14-2015

Good evening forum, I have come across a situation that I can't fully disclose, but essentially it's about receiving money by bank transfer as a "gift" from abroad, I don't exactly know how I would process this, I live in the EU and this "gift" will come regularly from a country outside the EU, it won't be a LARGE sum but it will be monthly and of some importance. Is it likely that this may back fire on me, taxes, criminal procedures? Even though the transfer would be marked as gift! I'm in a conundrum guys, this can secure my financial independence but I'm not sure how it may backfire.. if you really need specifics you can PM me, and I'll tell you the true story. It's actually pretty simple and almost stupid! Please ask any question you deem necessary!

And don't make Porta Potties jokes, nobody is gonna shit on me ! And thanks to the mod that moved the thread, I was unsure!

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Need some help regarding a banking issue! - The Father - 05-14-2015

You're not providing much useful information here, so I'm not really sure exactly what you are talking about.

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Need some help regarding a banking issue! - Brodiaga - 05-14-2015

Are you an EU citizen and tax resident? It depends on the law in your country.

I am not an expert, but I would study the law and also consider off-shore accounts. If it's a large sum, why can't you fly to Hong Kong or whatever and open an account there? Or maybe Isle of Man or wherever the rich park their money these days. There must be specialized web sites and forums out there, rvf is not one of them.

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Need some help regarding a banking issue! - Cattle Rustler - 05-14-2015

If you got a problem but can't disclose it.....well, we can't give you much of an answer.

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Need some help regarding a banking issue! - Easy_C - 05-15-2015

Disclaimer that regulations vary by nation......

But in most cases, yes. The most likely outcome is that your bank will file a suspicious activity report. Multiple regular transactions from foreign accounts is a major red flag for potential money laundering.

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Need some help regarding a banking issue! - LEMONed IScream - 05-15-2015

The Father, you are being a lot like a Father here

No, it's NOT a criminal activity, it's totally legal. And it actually IS a gift. As for taxes, gifts aren't taxed here, besides the bank fees for international transfers. When I said it won't be a large sum, I mean it won't be millions, but it would be several thousands per month which is more than enough to secure my financial independence for a few years. So, to recap, not a criminal activity, no taxes involved, and it's really a gift!

Quote: (05-14-2015 09:47 PM)The Father Wrote:  

You're not providing much useful information here, so I'm not really sure exactly what you are talking about. I'm probably going to regret even replying to this thread. THat said, here goes:

I don't think it much matters that this transfer would be marked as a "gift"...you keep putting the word "gift" in quotation marks, so I am assuming it is not a gift. I'm not sure it much matters. Here's my thoughts:

1) If it represents income, it may taxable in the country you reside in - "gift" or no. Gifts are taxable in the U.S. under certain circumstances, I suspect they are in most other countries too. CALLING it a gift if it represents earned income means nothing, otherwise, every man on this forum would ask his employer to call his salary a "gift" and call his own time worked a "charitable contribution". Check w/ a tax adviser in the country you live in. Duh. If the tax adviser says you owe taxes, I suggest you pay them.
2) If you're real message is that you don't want to pay taxes on this "gift", grow up. Or move to a country that does not tax foreign source income. If you are a U.S. citizen, you'd need to renounce that first. Which is expensive.
3) You mentioned criminal procedures. Why? Transferring money across a border is not illegal. If your message is that this "gift" is really income related to a criminal activity, I suggest you stop. You say "this can secure my financial independence" but then say "it won't be a large sum". Again I say, ??? What the hell are you talking about? Why don't you do what countless other men on this forum have done: Secure your financial future with your own hard work and ingenuity.

I'm sure you'll post a follow-up to this comment...I'm having that sort of day :/

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Need some help regarding a banking issue! - LEMONed IScream - 05-15-2015

Well I suppose they COULD do that, but in terms of amount relevant to money laundering, it's a pretty insignificant amount to be honest! And if it happens they can investigate all they want, there's literally nothing they can find!

Quote: (05-15-2015 04:04 AM)Easy_C Wrote:  

Disclaimer that regulations vary by nation......

But in most cases, yes. The most likely outcome is that your bank will file a suspicious activity report. Multiple regular transactions from foreign accounts is a major red flag for potential money laundering.

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Need some help regarding a banking issue! - LEMONed IScream - 05-15-2015

The only thing I didn't fully disclose is where the money comes from, but it comes from a normal person who simply happens to be rich!

Quote: (05-14-2015 10:53 PM)Cattle Rustler Wrote:  

If you got a problem but can't disclose it.....well, we can't give you much of an answer.

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Need some help regarding a banking issue! - Repo - 05-15-2015

Would that person happen to reside in Saudi Arabia? ;p

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Need some help regarding a banking issue! - Brodiaga - 05-15-2015

Is the gift from Dubai?

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Need some help regarding a banking issue! - LEMONed IScream - 05-15-2015

I've told ya to not make jokes about that in the OP, and no , it's not from Dubai/UAE and not from Saudi Arabia LOL.

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Need some help regarding a banking issue! - LEMONed IScream - 05-15-2015

Either way I've already solved the issue with a friend of mine who works in banking.

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Need some help regarding a banking issue! - Simeon_Strangelight - 05-15-2015

Quote: (05-15-2015 01:56 PM)LEMONed IScream Wrote:  

Either way I've already solved the issue with a friend of mine who works in banking.

Is it a Nigerian prince?



But seriously - there are multiple ways of doing it. Depending on your country you can circumvent a lot.

One of the smartest ways is to found an offshore company in the name of a specialized lawyer's name, open an offshore account and then simply withdraw the amounts via your cards or let the amount come to that account.

But if there are no tax issues with gifts like that, then there is no reason for secrecy. Even if it gets reported to the tax authorities, then you just say it is a gift by a wealthy friend/family member and it's end of story.

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Need some help regarding a banking issue! - LEMONed IScream - 05-15-2015

Zelcorpion, last month, you might not remember, but we discussed a certain issue. It was about that specific issue that this is about

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Need some help regarding a banking issue! - Simeon_Strangelight - 05-15-2015

Quote: (05-15-2015 04:37 PM)LEMONed IScream Wrote:  

Zelcorpion, last month, you might not remember, but we discussed a certain issue. It was about that specific issue that this is about

Ah well - I remember now. Then I hope Allah blesses your union - heh.

I met a few Iranian girls I would not mind to date - being all secular and even having left their religion (and country). One was even a hard 8 married to a prematurely balding guy. She will never leave him and be unfaithful to him despite being completely secular. Nice one...

Keep in mind that the Game never ends - especially not in a LTR.

The money transfer part is easy enough. If the IRS checked all the transfers between family members, then half of Manhattan women would not be able to pay their rent as their daddies finance their SexAndTheCity lifestyles. Would not worry about that much.

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Need some help regarding a banking issue! - LEMONed IScream - 05-15-2015

Ah, but it gets better. I'll get the greenies monthly for an extended period of time and only when I finish my studies will something be considered, this is just an entrée. This means there won't necessarily have to be a union Freedom is having your cake and eating it too!

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Need some help regarding a banking issue! - Simeon_Strangelight - 05-15-2015

Quote: (05-15-2015 06:22 PM)LEMONed IScream Wrote:  

Ah, but it gets better. I'll get the greenies monthly for an extended period of time and only when I finish my studies will something be considered, this is just an entrée. This means there won't necessarily have to be a union Freedom is having your cake and eating it too!

All the better, but my guess is that your woman needs to be happy. So freedom is likely limited to a degree, but I am sure you can live with it.

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Need some help regarding a banking issue! - LEMONed IScream - 05-15-2015

Oh surely. But I might not have made it clear, nothing is set in stone, this is just a NSA extra being provided, I can choose whatever comes after top kek.

Quote: (05-15-2015 06:25 PM)Zelcorpion Wrote:  

Quote: (05-15-2015 06:22 PM)LEMONed IScream Wrote:  

Ah, but it gets better. I'll get the greenies monthly for an extended period of time and only when I finish my studies will something be considered, this is just an entrée. This means there won't necessarily have to be a union Freedom is having your cake and eating it too!

All the better, but my guess is that your woman needs to be happy. So freedom is likely limited to a degree, but I am sure you can live with it.

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Need some help regarding a banking issue! - jamaicabound - 05-15-2015

You havn't really provided any information for anyone to help you nor would I suggest asking questions like this on a public forum if your up to something shady.

In this day and age of money laundering and patriot act and all this other stuff, I realize your not in the US but I'm sure in the EU they have similar laws, you don't want to play games with doing shady things banking.

All that said Bitcoin has really no controls or rules on who can send money where, its a free system.

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Need some help regarding a banking issue! - LEMONed IScream - 05-15-2015

It's nothing ilegal. Man, it's a really simple thing actually.

And as I said I've talked to a friend that works at a bank, I've solved the issues and the path is clear.

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Need some help regarding a banking issue! - Easy_C - 05-15-2015

Quote: (05-15-2015 05:55 AM)LEMONed IScream Wrote:  

Well I suppose they COULD do that, but in terms of amount relevant to money laundering, it's a pretty insignificant amount to be honest! And if it happens they can investigate all they want, there's literally nothing they can find!

Quote: (05-15-2015 04:04 AM)Easy_C Wrote:  

Disclaimer that regulations vary by nation......

But in most cases, yes. The most likely outcome is that your bank will file a suspicious activity report. Multiple regular transactions from foreign accounts is a major red flag for potential money laundering.

Yeah......because "you have nothing to fear if you have nothing to hide" is just SO true when you're talking about government.

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Need some help regarding a banking issue! - LEMONed IScream - 05-15-2015

I share the mistrust regarding government but the bank would only warn the Finance Ministry if certain conditions were met and a criminal procedure was made. They have nothing to use as a criminal procedure and in terms of what is the world of shady bank transfers (which isn't the case) the amounts will be somewhat insignificant .

Quote: (05-15-2015 07:49 PM)Easy_C Wrote:  

Quote: (05-15-2015 05:55 AM)LEMONed IScream Wrote:  

Well I suppose they COULD do that, but in terms of amount relevant to money laundering, it's a pretty insignificant amount to be honest! And if it happens they can investigate all they want, there's literally nothing they can find!

Quote: (05-15-2015 04:04 AM)Easy_C Wrote:  

Disclaimer that regulations vary by nation......

But in most cases, yes. The most likely outcome is that your bank will file a suspicious activity report. Multiple regular transactions from foreign accounts is a major red flag for potential money laundering.

Yeah......because "you have nothing to fear if you have nothing to hide" is just SO true when you're talking about government.

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Need some help regarding a banking issue! - Baldwin81 - 05-15-2015

Hey man, if you are where your flag icon shows then talk to the Jesuits...

Though the time that's all finished you'll wish you'dve gone to the bank.

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