Why helping to exfiltrate the money out of Russia is bad?
Don't you think that this is much better for the goals of the western sanctions than preventing money from going out of the country?
I'm a Russian guy (with a Freedom bank KZ account), who publicly condemn the barbaric invasion and thus is threatened by the homeland's so called authorities. A guy who left Russia after the war has started in order to stop at least paying taxes that fuel this war (and to avoid being sent to the frontline as well).
Who have been living, working and paying taxes in the EU since then.
I want the war to stop ASAP from the very first day.
As well as having the responsible maniacs to face the trial.
And I see many of the sanctions counter-productive.
Can you imagine what it took to get my savings (before calling it "blood money", keep in mind, that I always supported the opposition, never worked for the government-affilated entities and tried my best to prevent this war) to the European banks with all this witch-hunt and passport-based discrimination.
Would you really prefer my money to stay in Russia and work for the benefit of the war?
There is a whole industry of people helping russians evade sanctions. And guess what, each and every scheme includes Freedom Finance. There are innocent russians among Freedom's clientele, no doubt, but the number of sanction evaders is too damn high.
Note that no other bank in Kazakhstan opens accounts for russians remotely without any proof of residence, proof of funds etc. It is only Freedom Finance doing this.
Why they are still being allowed to operate and have not been shutdown is a mystery to me.
I guess this needs a coordinated effort of complaints and letters to SEC, FED, congresspeople.
You really missed point of my post here. This is not about sanctions or getting money out of Russia. It's about the fact that one big piece of money laundering institution with very shady finances being owned by US holding company that is traded on NASDAQ. That's it.
SEC is going after everything related to crypto, but gives no damns about some bs money laundering operation being traded on NASDAQ. This is exactly what Wirecard was in EU, but on smaller scale.
I hate to break it for you but whatever you possessed whilst in Russia and you didn't take with you is gone. Your assets are gone; not yours anymore. You chose a new life here, in the EU, and... as you seem like a reasonable Russian, I'd like to welcome you to the EU and I want you to use your qualities contributing to (a free) society here.
The good news is, you're now living in a free society. You're paying taxes, you're probably following the law, too. You'll be fine here. Also, the Ruble will fall, it is just a question of when. Plus, you won't have to participate in a war economy making the useless war crap, or being cannon fodder. You made a brave, life changing decision, and part of that is saying farewell to your past.
Also, I don't know if it is possible for Russian people to use cryptocurrency but what I'd consider is go to China and buy some cryptocurrency there, then exfiltrate that to EU. Or something like that, I don't know. You'd be taxed either way (or have it not declared ...). The problem with stuff like this is, it can be used for good and bad. As such, you're collateral damage.
What do you think the money is used for abroad? Helping fight against climate change or feeding the hungry in Africa? No, Putin's regime needs that money outside of Russia to fund useful idiots who further his cause in the US and Europe.
I'm a Russian guy (with a Freedom bank KZ account), who publicly condemn the barbaric invasion and thus is threatened by the homeland's so called authorities. A guy who left Russia after the war has started in order to stop at least paying taxes that fuel this war (and to avoid being sent to the frontline as well). Who have been living, working and paying taxes in the EU since then. I want the war to stop ASAP from the very first day. As well as having the responsible maniacs to face the trial.
And I see many of the sanctions counter-productive.
Can you imagine what it took to get my savings (before calling it "blood money", keep in mind, that I always supported the opposition, never worked for the government-affilated entities and tried my best to prevent this war) to the European banks with all this witch-hunt and passport-based discrimination.
Would you really prefer my money to stay in Russia and work for the benefit of the war?