Quote from: goaldigger on March 08, 2021, 02:16:26 PM

Quote from: davis196 on January 20, 2021, 12:13:43 PM

Quote from: ashler on January 19, 2021, 01:06:31 PM

From which amount did your bank retained your money and asked you to supply additional documents etc? 10K+? 100K+? they never retained your amount? Planning to book partial profits and want to know others experience.

Please mention the country you reside if possible (if not, at least the continent). Thanks!

I live in a EU country and I've never had any problems with my bank account.
I guess that I'm "flying under the radars",because I don't transact large sums of money.
AFAIK,in my country all bank transfers above 2500 EUR are reported by the bank to the tax agency.
If you want to deal with banks and you have large amounts of money to send and receive,there's no other way than playing by the rules of the bank and submitting all the necessary documentation.

You’re dealing with the banks and you have no choice but to comply with their requirements since their are being monitored by the AMLA, and its too hassle for you if they freezes your account for being a suspicious. I also don’t transact big money with the banks and that’s why I never experienced to be asked by many supporting documents, this will only applies to those who have millions of money.

Almost every rich person holding and making transactions from their bank accounts whether they are buying and selling their assets which means their account also got freezed? When the user can provide the source of the cash then there is nothing wrong with doing transactions in millions but people choose to stay away from banks to avoid tax paying in my opinion.