Utopia Talk / Politics / The benefits of EU for us criminals

williamthebastard Member	Fri Jul 01 10:14:39 So, in moving from Sweden to France, I had to re-register as a taxpayer in my new country of residence after 9 months. However, I still retained bank accounts in Sweden and have for almost 6 years now. Some of my clients continued to pay me to a bank account in Sweden although I was no longer tax liable there, just while I was reorganizing company stuff, and then I kinda left some projects from 3rd party EU countries to continue to go there. And France has no way of checking my accounts in other countries unless I commit an act of terrorism or something. I've been doing this for neigh on 6 years and the sum gathering there now is getting worryingly/excitingly big. AFAICS, I'm getting away with the perfect dodge here, but who knows. I think the best way of hiding it is buying property, but haven't really looked int it (Italy) lol
Habebe Member	Fri Jul 01 10:20:07 Im a little surprised Sweden doesn't try to take a cut. If your not tax liable, your not really a criminal. Maybe try to transfer it to Switzerland if your concerned.
Habebe Member	Fri Jul 01 10:21:47 Not sure how difficult it is to set up shell companies and trusts over there, but it's a common tactic to avoid taxes here.
Habebe Member	Fri Jul 01 10:21:48 Not sure how difficult it is to set up shell companies and trusts over there, but it's a common tactic to avoid taxes here.
williamthebastard Member	Fri Jul 01 10:22:37 I unregistered as a taxpayer in sweden so they stopped demanding taxes, but apparently the govt and the banks dont communicate to the point that they check expats bank accounts etc when they report that theyre leaving
Nimatzo iChihuaha	Fri Jul 01 10:56:26 Is this a personal account or a company registered account?
Habebe Member	Fri Jul 01 11:03:59 Nimi is probably the best guy on here for this knowing Swedish regulations and such.
Nimatzo iChihuaha	Fri Jul 01 11:05:22 It is generally a bad idea to scam the state, using the states own financial rails. It makes me wonder however how well banks can detect illicit activity or patterns associated with it fraud and tax evasion. Are they using algorithms and AIs yet? They will if they can. Nhill?
nhill Member	Fri Jul 01 22:45:47 Oh, I missed this thread. They ain't detecting shit. Core banking software hasn't innovated since the 1970s. I wrote some of it. The govt, on the other hand, is well versed in that. I'm unfamiliar with politics involved in banking in the EU (even though I wrote some of y'alls software), but in the US, transactions are shared w/ govt entities that run their own analysis. AI is involved to detect fraud. I wrote some of that too.
nhill Member	Fri Jul 01 22:47:50 You wouldn't need an AI for this, though. Obviously it'd be quite simple to detect someone receiving money without paying tax liabilities. It'll catch up to you eventually.
nhill Member	Fri Jul 01 22:53:36 The way software categorizes fraud and tax evasion is based on probability. The simplest way to explain it is the software will output a 0-100% probability that someone is committing fraud or evading taxes. Individual entities (states, govts) prioritize from higher probability to lower, unless millions or more are involved (even a small chance of fraud will be investigated for billions, for example). WTB's actions are getting close to the threshold where the usual entity would deem it actionable (but I haven't worked w/ EU nations much). You won't get away with it, it's only a matter of how long before they deem it worth the manpower to collect. /remind me in 10 years I guarantee someone will collect by then if it gets to be 7 figures.
nhill Member	Fri Jul 01 23:02:06 Funny tangential story is I used one of my fraud models (with slight tweaks to account for lexical data as opposed to numbers, the data engineering part was different) to see who is multi of whom on these forums (as I mentioned b4, no plan to reveal the results bcuz it's part of the fun here, and I partly regret even knowing now as I think you're all a bit schizo). Similar patterns related to usage (time, location, content) are used by govts to detect and associate fraudulent data with multiple accounts that appear to be unrelated. It commonly uses the XGBoost algo, a gradient boosting algorithm (basically a way to combine multiple weak AI models into one strong one), to detect patterns in data automatically. Its strength is tabular data (like these forums, but also financial data). From fraud detection to multi detection, it's a very useful tool to extract predictions from ostensibly random data sets.
williamthebastard Member	Sat Jul 02 01:11:26 Gets prescribed in 10 years, according to swe law. Also, I have no plans to ever moving back to Sweden, I plan to grow old in the sun. Actually, I think Ill close that bank account this year, been a good run.
williamthebastard Member	Sat Jul 02 04:59:18 After 5 years. Excellent. :p
Nimatzo iChihuaha	Sat Jul 02 06:16:18 Nhill I may have imagined how sophisticated they are. There are some things, at least here the banks will react on. Too much cash deposits, cards being used in a distant geographic location. They will ban people from buying crypto on Binance, after a few succesful transactions. They freeze large transactions. But these are simple things I guess, do not require fancy algorithms and patterns. I guess also some is based on KYC. If you do something out of the KYC stated pattern they react. I was under impression that the finance industry uses fancy machine learning to aid in compliance? Finance and compliance being broad, have some parts of TradFi come further using algos to detect fraud and non-compliance?
Nimatzo iChihuaha	Sat Jul 02 06:20:44 Nhill ”Similar patterns related to usage (time, location, content) are used by govts to detect and associate fraudulent data with multiple accounts that appear to be unrelated.” Omg… I have been pondering for some days to raise this idea with you. LOL :)
nhill Member	Sat Jul 02 20:47:47 Very few banks have done more than the absolute bare minimum to cover their asses, such as notifications if you deposit too much cash, buying things they consider suspicious, or locking your card from geolocation. But that's all to cover their ass, not the govt. The banks share details w/ govts and that's where the more sophisticated analysis comes into play. There are a few exceptions, such as fintech banks. But places like US Bank (one of the largest banks in the US, as you may imagine)? I have seen all their dirty laundry. It's a shitshow and is why I got into crypto because I was absolutely appalled by their security, corrupt software deals, and lack of sophistication. Most of which you get with 0 extra effort in crypto. Crypto was created by a programmer that saw the same stuff I did, and knew we had to do better. But as for tax stuff, nah, these banks don't care enough about that. But they will share it with people that do.
Nimatzo iChihuaha	Sun Jul 03 07:40:07 That is terrible. I honestly thought things were better. It is odd that the state does not require more from the banks, makes you think if it is feature...
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