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Post by karlh on Jan 29, 2014 10:35:44 GMT
Oldnick you are correct,
By taking onboard a US client a firm is then covered by the US Patriot Act - which means you need to adhere, from memory, to all US laws including the financial services rules. If we wanted to take on US citizens as clients we would need to therefore double check everything against US law - as well as being liable for any wrong doings of our US clients. We are relatively small so can not carry the costs but even our client money partner the listed stockbroker firm Walker Crips does not take on US clients for the same reason.
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shimself
Member of DD Central
Posts: 2,563 
Likes: 1,171
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Post by shimself on Feb 1, 2014 13:30:33 GMT
Hi all Does anyone know if and which p2p lending sites are available to non citizens/residents of their host country? Thanks in addition to others already listed wellesley.co.uk took me on (uk passport french tax resident) (if you count them as p2p) housecrowd ok as well zopa are stuck with me as I started before moving one or two of the equity crowdfunders are ok as well. I asked recently and the guy told me that there was some version of (equifacts?) which can credit and identity check across most of europe now. It's odd how even banks and building societies no longer want to know, some to the point of forcibly closing down a savings account already held.
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Post by savingstream on Feb 4, 2014 11:09:13 GMT
Saving Stream can accept investors from the EU, as long as you have a UK bank account.
As long as we can verify your identity for necessary AML regulations, you can invest on the platform.
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Post by phlitb on Mar 12, 2015 15:29:17 GMT
I was wondering if anyone with a Fondling Cankle account and moved from the UK to Euroland could relate their experience?
Their T&Cs state that investors must be UK resident, but in practice can the account be kept open and active or must it really be closed?
And if it's to be closed how could that be enacted, I don't see how anyone nursing defaults or RBRs could close their account even if they wanted to.
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Post by wiseclerk on Mar 12, 2015 16:15:35 GMT
As I am myself in the Eurozone I covered many of the Eurozone p2p marketplaces on my blog www.p2p-banking.com/ * |
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Post by xyon100 on Mar 12, 2015 23:15:40 GMT
Saving Stream can accept investors from the EU, as long as you have a UK bank account. As long as we can verify your identity for necessary AML regulations, you can invest on the platform. Why do they need a UK bank account?
Of course if a UK account is needed, they likely won't be able to open that either.
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Post by wiseclerk on Mar 13, 2015 8:31:09 GMT
xyon100The post you cited is from early 2014. That information is not accurate anymore. Several German investors like me invest on Saving Stream without having an UK bank account.
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Post by xyon100 on Mar 13, 2015 10:58:52 GMT
Ah, OK. It's just I have a bee in my bonnet about some UK companies that demand UK this and UK that (or other countries for that matter) when there really is no need for it. Not that long ago I had a run in with a UK car insurance company that demanded a "full UK driving licence" when there was absolutely no reason for any such stipulation, it was just there because somebody thought it was the thing to do.
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