Quote from: WiseOldOwl on April 23, 2013, 07:57:20 PM

Haha,

Welcome to the world of bitcoin.
In 2011 When i was running a decent sized exchange, I had all my accounts shut without reason. I recieved a phone call from the vice president of a fairly massive bank and was told that they dont approve of my business type.
When I asked if I could have a report outlining what I did wrong or why my accounts were closed, he literally scoffed and said no. These were business accounts registered to a LLC (a financially registered llc none the less). They dont give a shit and will protect their monopoly at all costs. You have no idea what your in for. You are scratching the surface of the largest iceberg around. Bankers have literally forced countries into war and poverty, they are strategists with insane amounts of resources and connections, and they will find a way to obliterate most any conventional method you use to grow a business that conflicts with theirs.

actually by law if you read the HMRC guidelines on the wire transfer regulations. money transmitters who end up in a situation where they have slight doubts about the transaction freeze the funds to first internally investigate the matter, before deciding what to do next. the regulations state that you cannot inform the customer that they are being investigated for specific reasons.

might be worth you reading some of the regulations so that you know what to do and how to handle situations that arrise, to atleast prevent them arrising.

tip 1

dont do deals over roughly £850 in one go (1000euro -EU wire transfer regulations)
dont do deals over roughly £12750 combined within a year (15000euro -EU wire transfer regulations)

tip 2
if using a business bank account to deal with large volume(under £3mill a month -payment services regulations). get FSA authorised.
if using a business bank account to deal with large volume(over £3mill a month -payment services regulations). get FSA accredited

tip 3
keep the funds cycling between business and customers based in the UK. as soon as funds go to foreign countries flags start to fly.. literally

tip 4
if your a single guy under the age of 25, without a sheep heard of customer service employee's, accountants and a corporation logo (think intersango/bitcoinica/blockchain.info) the banks will wonder where soo much money is passing in and out of your account. so develop a business relationship with your bank manager