Topic: Question about sending profit to other bank account - page 2. (Read 240 times)
Sounds like typical money muling. Please see https://www.europol.europa.eu/activities-services/public-awareness-and-prevention-guides/money-muling.
52% extra of what? Are you talking about some kind of tax you be able to skipped if you do this Belgian Bank transfer method? If that man is claiming that technique it is either looking like a big con on his part or he does not know on what he is talking about. One is there is no such kind of tax that is more than 50%, max I see is only 35%. Secondly is after they transfer back your earnings (if you will receive it) you have to be dealing in some kind of money laundering in order to make your bank transfer look like legal, they will question any bank transfer above their limit, U.S. requires KYC on 10,000$ and above transfers.
That sounds super shady, I'd stay away from that if I were you.
Best case you get a profit, but stand to be liable for money laundering.
This means trouble with both the law and your bank. Besides, depending on your local laws you may be required to report any bank transfers of EUR 10.000,- or more to local authorities before making said transaction. For example Germany has the "AWV Meldepflicht" for international bank transfers of EUR 12.500,- and above. I wouldn't be surprised if either Belgium or the Netherlands have similar regulations.
Worst case you stand to be liable for money laundering and are getting scammed.
For example some bank transfers are reversable, which might allow for a potential scam (ie. reverse the initial transaction after you returned part of their money). Or the bank account that you receive the money from isn't theirs to begin with. Other scam tactics may be possible as well.
So yeah, I'd stay away. Even if it were "legit", how are they to gain 52% extra if they pay you 30%? They would have to explain where the money comes from either way, so funneling it through a private bank account wouldn't help much. Besides, any operation of considerable size would likely have a bank account set up and / or company structure that allows for tax optimization without having to funnel it through private bank accounts.
Best case you get a profit, but stand to be liable for money laundering.
This means trouble with both the law and your bank. Besides, depending on your local laws you may be required to report any bank transfers of EUR 10.000,- or more to local authorities before making said transaction. For example Germany has the "AWV Meldepflicht" for international bank transfers of EUR 12.500,- and above. I wouldn't be surprised if either Belgium or the Netherlands have similar regulations.
Worst case you stand to be liable for money laundering and are getting scammed.
For example some bank transfers are reversable, which might allow for a potential scam (ie. reverse the initial transaction after you returned part of their money). Or the bank account that you receive the money from isn't theirs to begin with. Other scam tactics may be possible as well.
So yeah, I'd stay away. Even if it were "legit", how are they to gain 52% extra if they pay you 30%? They would have to explain where the money comes from either way, so funneling it through a private bank account wouldn't help much. Besides, any operation of considerable size would likely have a bank account set up and / or company structure that allows for tax optimization without having to funnel it through private bank accounts.
I came into contact with someone who claims that they are a group of people who do day trading in the Netherlands, by depositing their profits into accounts in Belgium (after which they then demand that the person with the Belgian account transfers a part to their own account). They therefore do not have to pay 52% extra on their profits. (That is what that person claimed, I do not know if this is correct).
That person claimed that I could then hold 30% for myself. Is this too trustworthy and can not I get problems with my bank? What do you think about that?
At first sight I do not think that they can do much wrong with only my bank account number but you never know.
Thanks in advance,
Joris
That person claimed that I could then hold 30% for myself. Is this too trustworthy and can not I get problems with my bank? What do you think about that?
At first sight I do not think that they can do much wrong with only my bank account number but you never know.
Thanks in advance,
Joris
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