I mean, seriously, what the fuck is going on with this country lately?
You go to a landbased casino to put at risk your own small amount of money and they want you to answer all sort of intrusive questions. You go to the bank to withdraw couple of thousands in cash (so that you can head to the casino with no cards on you) and you get asked "what do you want to do with it?" (happened to me), I mean WTF???
Are we all at this point potential drug dealers or human traffickers who are looking to launder money so we better welcome with open arms more and more scrutiny and invasion of privacy that comes our way?
From personal experience:
1) Tried to get £1000 from the cashiers desk at the Hippodrome casino in London only to be told that for £500+ I would need to sit down and speak to someone as they want to make sure I know what am doing and am being responsible. Also SOW comes into play quickly once you pass £5000. Five thousand? I mean FIVE THOUSAND? wowowow! I must be selling drugs to be able to have this money available to me right?
2) Over a period of 3 years I made around 130k from cryptocurrency investments which by looking around at what people have made is SMALL change. Recently my bank contacted me to ask me how I made all this money coming from crypto exchanges ( fair enough ) but they also wanted to see my tax returns and business account statement that I use to pay my taxes from. They also wanted me to tell them why I send all this money to someone else (who happens to be a family member with same surname). Few weeks prior to this they had frozen her account without telling her for over a month and then unfreeze it again (without telling her again). The hell with her if she had funds in her account she had to use for basic needs, right?. I cannot take this bullshit anymore. It is because of situations like this that I've become more and more in love with cryptocurrencies.
The concepts of personal responsibility, right to privacy, do not treat people like criminals unless you have reasonably GOOD grounds to believe they are engaged in something dodgy, seem to be eroding at a fast pace. The state and outside authorities are responsible for you. You are not capable of being responsible yourself. You need the state to look after you and tell you what you can and can't do.
In all these areas of contention there are some grey areas of course. For example if you open a basic bank account and suddenly you start depositing in cash hundreds of thousands or millions every month then yes we would all agree that they can't just let you do what you want. There is a point at which it makes sense to have your privacy dissolved and get asked questions however this is getting completely out of hand in this country. The bar is so low at this point that EVERYONE is a potential money launderer. Privacy, dignity, and personal responsibility have become foreign if not unwelcome concepts.
What is the percentage of people who actually money launder any notable amounts of money from drugs or arms dealings? I would be positive that is far less than 1% and yet the 99.85% has to suffer as a result and are we to believe that the bests way to handle this 0.15% is by treating everyone as money launderers? What's up with all the latest SOW craze?
And now I don't want to get into the farcical and extreme political correctness that plagues this country. UK is becoming (in some ways) a failed shit country. Crypto casinos am coming your way! (I am already there)
You go to a landbased casino to put at risk your own small amount of money and they want you to answer all sort of intrusive questions. You go to the bank to withdraw couple of thousands in cash (so that you can head to the casino with no cards on you) and you get asked "what do you want to do with it?" (happened to me), I mean WTF???
Are we all at this point potential drug dealers or human traffickers who are looking to launder money so we better welcome with open arms more and more scrutiny and invasion of privacy that comes our way?
From personal experience:
1) Tried to get £1000 from the cashiers desk at the Hippodrome casino in London only to be told that for £500+ I would need to sit down and speak to someone as they want to make sure I know what am doing and am being responsible. Also SOW comes into play quickly once you pass £5000. Five thousand? I mean FIVE THOUSAND? wowowow! I must be selling drugs to be able to have this money available to me right?
2) Over a period of 3 years I made around 130k from cryptocurrency investments which by looking around at what people have made is SMALL change. Recently my bank contacted me to ask me how I made all this money coming from crypto exchanges ( fair enough ) but they also wanted to see my tax returns and business account statement that I use to pay my taxes from. They also wanted me to tell them why I send all this money to someone else (who happens to be a family member with same surname). Few weeks prior to this they had frozen her account without telling her for over a month and then unfreeze it again (without telling her again). The hell with her if she had funds in her account she had to use for basic needs, right?. I cannot take this bullshit anymore. It is because of situations like this that I've become more and more in love with cryptocurrencies.
The concepts of personal responsibility, right to privacy, do not treat people like criminals unless you have reasonably GOOD grounds to believe they are engaged in something dodgy, seem to be eroding at a fast pace. The state and outside authorities are responsible for you. You are not capable of being responsible yourself. You need the state to look after you and tell you what you can and can't do.
In all these areas of contention there are some grey areas of course. For example if you open a basic bank account and suddenly you start depositing in cash hundreds of thousands or millions every month then yes we would all agree that they can't just let you do what you want. There is a point at which it makes sense to have your privacy dissolved and get asked questions however this is getting completely out of hand in this country. The bar is so low at this point that EVERYONE is a potential money launderer. Privacy, dignity, and personal responsibility have become foreign if not unwelcome concepts.
What is the percentage of people who actually money launder any notable amounts of money from drugs or arms dealings? I would be positive that is far less than 1% and yet the 99.85% has to suffer as a result and are we to believe that the bests way to handle this 0.15% is by treating everyone as money launderers? What's up with all the latest SOW craze?
And now I don't want to get into the farcical and extreme political correctness that plagues this country. UK is becoming (in some ways) a failed shit country. Crypto casinos am coming your way! (I am already there)