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Amazon acct closure
We have a report from a client who got a new Amazon secured card and also new amazon usa account. They just got the physical card in the mail and they went to make a purchase on amazon.com store site. The amazon secured card was automatically added to their online account. After the order, they blocked the account and asked for verification and sent a link. The client uploaded a picture of the card front and back and their passport for ID. Amazon then closed the amazon.com account with no other options. The secured store card seems to still be open with syncrony bank. An option to upload the card statement with address was there but that had not been generated yet as the card was too new. So if this happens to you, the solution might be to wait to do the confrimation actions or even better wait to place amazon. com orders until you have your statement from the amazon card
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Revolut UK is becoming a bank
Heads up for anyone in the UK using Revolut. Revolut has announced that UK Revolut accounts will soon move from e-money accounts to UK current accounts with Revolut Bank UK Ltd. This means Revolut Bank UK Ltd is now operational in the UK and is authorised as a banking institution, supervised by the PRA and FCA. For most users, the change should happen automatically within the next 1 to 2 weeks. What this means: Your Revolut e-money account will transition into a UK current account with Revolut Bank. Eligible deposits should be protected by the Financial Services Compensation Scheme, up to £120,000. Some exclusions apply, so check the FSCS information provided by Revolut. Your account number, sort code, IBAN and BIC should stay the same. The app should continue working as normal. Some services will be provided by Revolut Bank instead of Revolut Ltd. Travel insurance policy numbers may be updated for Metal and Ultra plan users. Revolut may contact you in-app or by email if they need to confirm any information before the transition. Important scam warning: Revolut says they will only contact users about this by email, push notification or in-app message. They will not phone or text you about the account change. Be careful with unknown callers, texts or links claiming to be about your Revolut account. It is worth checking your Revolut app and official emails directly, rather than clicking on anything you are unsure about. No action should be needed unless Revolut contacts you through official channels. If you have a UK Revolut account, keep an eye out for the transition message over the next couple of weeks.
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EO for USA banking for non residents
Here is some more info on the EO about banking for non usa residents with ITIN number. Looks like increased scrutiny and diligence for ITIN holders but also on several other fronts, LLC, payroll etc. Banking and credit is about to get more difficult for foreign company owners and investors in America Hopefully it doesn't affect people and businesses doing lawful activities. https://www.mayerbrown.com/en/insights/publications/2026/06/fincen-and-banking-agencies-issue-joint-advisory-on-non-work-authorized-populations-and-itin-based-account-due-diligence
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Illinois Just Declared War on Bitcoin
Illinois just sent a loud message to Bitcoin companies: Leave. Starting January 1, 2027, Illinois will impose a 0.20% tax on digital asset activity handled by brokers for Illinois customers. That means: Buy bitcoin through a broker?Taxed. Transfer bitcoin through a broker?Taxed. Hold bitcoin with a custodian?Taxed. And here’s the crazy part: This is not a capital gains tax. You don’t need to make a profit.You don’t need to sell at a gain.You don’t even need to “cash out.” The tax is based on the value of the digital asset involved in the activity. So if $1,000,000 worth of bitcoin moves through a covered digital asset service, the tax could be $2,000. Now compare that to traditional finance: Move $1,000,000 through a bank wire?No comparable state transaction tax. Move $1,000,000 through ACH?No comparable state transaction tax. Move $1,000,000 in stocks or bonds?No comparable tax like this. But move bitcoin? Illinois wants a cut. This is why people in Bitcoin constantly say: Self-custody matters. Jurisdiction matters. Policy matters. Because once governments realize they can tax the rails, they don’t just tax profit. They tax movement.They tax custody.They tax access. This law is not just about Illinois. It is a preview of how states may try to control digital assets without banning them outright. They make compliance expensive.They make operating painful.They make companies leave.And regular users end up paying the bill. Bitcoin was built for a world where money can move without permission. Illinois just reminded everyone why that matters. Thoughts — is this just the beginning?
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US real estate investors - New reporting requirements
new filing and reporting requirements for US real estate investors begins March 1 https://youtu.be/A05ggUW9NC0
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No SSN? US banking, credit cards, personal loans, business credit, LLC
banking & 0% funding for biz owners, immigrants and non-residents.
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