I’ve just started using Revolut and I find it’s potential incredible, especially for those like me who travel a lot!
Anyway I was wondering what is Revolut’s position regarding offshore accounts and money laundering frauds worldwide, especially in the case of BahamaLeaks and PanamaPapers coming around…
What I mean is, if I have money on an offshore account where I don’t pay taxes (which is perfectly legal) can I transfer a large sum (or small sum) of money to my Revolut card and then use it for, for example, buying a car? What is REVOLUT’s position about this kind of usage, how can you identify if this usage is legal or not and what is your disclosure process in case governments worldwide try to fiddle about with “our” online accounts?
PS: I’m not money laundering, I just thought about this and would like to know your opinion.