Quote from: figmentofmyass on Today at 03:03:58 AM

Quote from: sbogovac on January 05, 2021, 02:18:45 PM

I can give you an example out of personal experience: I transferred similar numbers from a Dutch bank to a Spanish one - this is still EU mind you - and as a result my Spanish account (including those funds) got frozen pending "anti terrorism and money laundering" (tax) investigation. Only after I could prove the origin of those funds and all subsequent tax had been paid has the account been released.

for a transfer between two accounts in your own name? damn. if it's a self-transfer between two licensed banks, where is the supposed money laundering risk?!

at least if the OP is correct about serbian law---that there are no taxes due on cashing out crypto---then even if that happens, the money should be eventually cleared. this is a case in point for why bitcoin is superior to fiat banking though. no third party bullshit.

It's all about the origin of the Fiat money (and exactly why there are so many "anti terrorism and money laundering" laws in place nowadays).

It is not her crypto that got transferred into Fiat into that account, was it? You forget that both Fiat, but certainly also the public ledger used in crypto is all public. So unless she can prove when and how she acquired that crypto it should have been taxed as a gift, at least...

All "suspicious" bank transfers are subject to these laws nowadays. Any serious money that isn't part of any obvious transfer is "suspicious" until proven otherwise by the account holder... Yes, exactly why crypto - in theory - is superior to fiat. but - unfortunately - we're talking abut fiat here...