IBS Lithuania is opening accounts for Seychelle IBC

7889 said:

Quick info - IBS Lithuania is opening accounts for Seychelle IBC. We'll see how it goes...

How is the procedure with them, quick and easy or complicated? Do they require a APP or just sending everything to them by e-mail or ticket system?

Admin said:

How is the procedure with them, quick and easy or complicated? Do they require a APP or just sending everything to them by e-mail or ticket system?

I have opened an account with them, for an European company, process was quite easy and takes only few days, i will start making payments in & out with them soon and i will update with more details about how easy or hard was with them to process high value payments.

PlayHardGoPro said:

I have opened an account with them, for an European company, process was quite easy and takes only few days, i will start making payments in & out with them soon and i will update with more details about how easy or hard was with them to process high value payments.

Would be much appreciated!

7889 said:

Quick info - IBS Lithuania is opening accounts for Seychelle IBC. We'll see how it goes...

It took three days, nothing too bad, no selfies or "source of funds", just scans over email. Dedicated euro IBAN (that was a must for me). Incoming - only SEPA, outgoing - SEPA/SWIFT

That's precisely what financial regulators need to bring a bank to a slaughter house. If not before, then after 9-figure Russian money starts coming in. Enjoy while it lasts, but be careful, and don't keep high amounts with them - what goes in, should come out within a few months.

PS! as another tip for sharing info on those ultra high risk banks - might want to keep the information in the non-indexed (inaccessible to search engines) Mentor Group. That alone could prolong the lifespan of those banks.

I'd be surprised it the subject is still around 2 years from now.

Last edited: Jan 27, 2020

7889 said:

It took three days, nothing too bad, no selfies or "source of funds", just scans over email. Dedicated euro IBAN (that was a must for me). Incoming - only SEPA, outgoing - SEPA/SWIFT

Well you made clear to public that they are not even following the EU 5th Anti-Money Laundering Directive sadly. Their business is soon toast if what you say is true...and they did this for a Seychelles shell company as well doh948"".

Martin Everson said:

5AMLD demands new obligations from those in financial services. Data quality is of utmost importance. And tools for validating and verifying identities ”“ including operations such as electronic identity verification, document verification, biometrics and liveness tests, and much more ”“ play an important role in this effort.

7889 said:

9-figures don't go to EMIs, even 6-figures rarely do. That's not what EMIs are for. We all know they are a quick fix.
If Admin agrees this should be moved to MG, so be it, seriously though, this whole forum, given it's nature, should be something like private torrent-tracker....

That's largely true. But of course, the "9-figure Russian money" does not enter just one account in one payment.

My message is that a passed-out slut with access to SEPA/SWIFT won't remain unnoticed. This will end in collective AIDS.

I have moved the thread to the mentor group so it won't get indexed nor be public available.

Please think twice the next time before you post in the public forums :)

xzars said:

That's precisely what financial regulators need to bring a bank to a slaughter house. If not before, then after 9-figure Russian money starts coming in. Enjoy while it lasts, but be careful, and don't keep high amounts with them - what goes in, should come out within a few months.

PS! as another tip for sharing info on those ultra high risk banks - might want to keep the information in the non-indexed (inaccessible to search engines) Mentor Group. That alone could prolong the lifespan of those banks.

I'd be surprised it the subject is still around 2 years from now.

Hi @zxarz , quick question. How do you distinguish "ultra high" risk banks from those that are not in? Is it because it was mentioned they opened accounts for seychelles IBCs only?

suppliersten said:

Hi @zxarz , quick question. How do you distinguish "ultra high" risk banks from those that are not in? Is it because it was mentioned they opened accounts for seychelles IBCs only?

Valid question from a banned member.

1. EMI from Lithuania, Seychelles IBC accepted - Ultra High Risk.
2. Major High Street Bank from Singapore, Seychelles IBC accepted - Medium Risk.

The difference is in FI's ability to cope with investigations and occasional fines. A small EMI is quite likely to drop for good after the 1st fine due to AML shortcomings. A well-capitalized high street in Singapore will pay the fine, giggle about it, and possibly keep accepting new Seychelles IBCs after implementing some changes to compliance controls.

Last edited: Aug 11, 2020

7889 said:

It took three days, nothing too bad, no selfies or "source of funds", just scans over email

This is explicitly not allowed by the LT regulations. If some EMI's do that - keep in mind they are going to last until the first audit comes to their house. Good luck with that :)