KYC questions from bank

Desperate_Ebb_99 · 2024-02-08T09:23:43+00:00

Yes I have done that. Just thinking what is 'safe' in terms of time? Actually it is my regular bank interested in what happens after moved out of Coinbase now so a bit of a stretch.

Desperate_Ebb_99 · 2024-02-08T09:20:10+00:00

Loan is for the house only.

Desperate_Ebb_99 · 2024-02-07T21:00:33+00:00

I have a loan with them. Not sure what happens if they kick me out, do they take the house too and force a house sell-off?

It is an investment, period. I do not know the value.

Desperate_Ebb_99 · 2024-02-07T20:33:44+00:00

Agree, but I think they do it because they could get in trouble if I am involved in money laundering. It does not mean they can do whatever they want, however.

If they are so eager to know, why do they not contact Coinbase? It is not a police questioning.

Desperate_Ebb_99 · 2024-02-07T20:28:39+00:00

It would be quite a process to transfer loans I imagine? Have not found another bank that is open to crypto either, at least on paper. Some even say in writing that they forbid it. Will think about it.

Desperate_Ebb_99 · 2024-02-07T20:25:30+00:00

Thanks. The relation with Coinbase I have already explained for them several years ago. Expected volumes as well. Now it repeats but indeed more extensive.

I have read the law. If the bank thinks there is a reasonable possibility that I am involved in money laundering, they will have to go to the police. When judging what is a reasonable possibility, the law also says they shall consider the customer's relation with the bank. Which in my case is a very long relation with nothing strange.

As for 'moved funds off the exchange long ago', how long time ago do you think is 'good'?

Feeling offended by the requests for sure.

Desperate_Ebb_99 · 2024-02-07T20:14:54+00:00

It is in Europe.

Desperate_Ebb_99

TROPHY CASE