JOHNNY DOETHE LIFE WHISPERER

EMI and e-wallet, any difference regarding reporting ?

sleeper

replies
5
views
140
sleeperNew MemberAuthor
Joined
Jun 2017
Messages
10

#1

If i right understood:
EMI means "real" internet bank account (with dedicated IBAN).
E-wallet means internet "sub account" (no IBAN).
(please correct me if i am wrong)

I have understood that all EMI* (with IBAN) will apply the CRS from AEOI.
*except the few from exotic countries

My question is do the e-wallet (no IBAN) have to report CRS as well ?

negonHigh-Ranking Operative
Joined
Jun 2011
Messages
3,970

#2

According to International Laws they have to comply to certain reporting standards and they have to obtain information about you in the case the get a request from any auth.

Even some of them say they don't report anything I would not relay on that answer and trust them blind.

sleeperNew MemberAuthor
Joined
Jun 2017
Messages
10

#3

Noted.
Thank you for the answer.

JohnLockeOffshoreCorpTalk owner
Joined
Dec 2008
Messages
15,888

#4

They will have to report you but that's why people use darks to avoid this problem. Actually it is known by now that all of the EMI providers report your data to the home country of each account holder. They have to comply to International laws.

maxmoneyActive Recruit
Joined
Jan 2017
Messages
480

#5

You open the EMI account with darks and forget about all this reporting. Just open several accounts while it's all possible and you can sleep well at night!

diabloRecognized Voice
Joined
Feb 2017
Messages
881

#6

sleeper said:

I have understood that all EMI* (with IBAN) will apply the CRS from AEOI.
*except the few from exotic countries

It seems this is not true, actually another user (experienced user) from this forum wrote it is not the case, they don't report any accounts unless they are owned by a Bank! this is good news and can help most of us to stay anonymous in banking matters!

More in Mentor Group Gold

All 1,017 threads

  1. Diamonds as investment!

    Houdini · 7 replies · last 2 Sep 2025

  2. THE 2025 ZERO-TAX RESIDENT’S PLAYBOOK FOR AN ESTONIAN OÜ

    ActionMan · 5 replies · last 24 Aug 2025

  3. You need a real address and director for a UK LTD?

    JohnLocke · 51 replies · last 15 Aug 2025

  4. CRS reporting of vIBAN?

    polka · 2 replies · last 14 Aug 2025

True power moves in silence.

Begin application