Forum

Reached anti-money laundering limits for EU
 

I got a message when I logged in in my paypal account. I'm sure a lot users from here received this message at some time and I just want your advice.

"Jan 12, 2011: You have received €1,800 or more in total payments to your PayPal account in this calendar year. PayPal is required by law to comply with European Union Anti-Money Laundering regulations by collecting information from customers when they receive more than €2,500 in total payments within a calendar year. Please go to the Resolution Centre for more information on what you need to do."

I have to resolve some kind of dispute to raise my limit : "identify yourself or your business type"

What is your ownership type? ( I need to choose from this 3 options) :


1)An individual consumer

2)A sole proprietor

3)Any other type of business, charity, or government entity

Well,I guess I need to justify to paypal where this money came from.

I sell on internet marketing and seo forums pdf books and some backlinks packs. What do you suggest me to choose ? I heard that if you choose business you need to give to paypal receipts and other things like that.

What is the best option to choose ? individual consumer or sole proprietar ?

Do I need to show them my sales forum threads so I can prove where the money comes from ?

What they will ask me ?

no one can help me ?

If your flag was ROMANIA in the 1st place, others might have understood what you were trying to find out.
It is not usual for a USA person to have to comply with anti-money laundering laws for the EU.

Payapl are not trying to lift any limits: they want you to show them who you are, where the money is from and prove you are not doing anything out of order. Supply the info as you outlined in your post. :peace:

I wonder when something like this is gonna come down the pike for the USA.

The way things are going, I can see this in the very near future.