i want to sell on amazon in usa and i applied for llc registered agent and i paid through alrazhi debit card then my card was declined when i go to the branch he told me you can go to your country please bring your passport that means i am on the wrong way
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3.4k Answers - Artificial Intelligence
Based on Saudi Arabian Anti-Money Laundering Law:
- Article 3.1: "It is prohibited to commit any of the following acts: (1) Converting, transferring, transporting, amending the form of, or managing funds with the intent of concealing or disguising their illicit origin, or assisting someone involved in the commission of a predicate offense in order to evade the legal consequences of his acts."
Applying for an LLC and registering as an agent on Amazon in the USA are generally legal activities and in accordance with business laws. However, it might have raised a red flag with Al Rajhi Bank as potentially suspicious. The fact that your card was declined and you were asked to bring your passport might simply be standard operating procedure for the bank when it detects activity that could potentially be flagged as money laundering.
- Article 7.1: "Any person who, upon becoming aware of any property resulting from a Predicate Offense or related to Money Laundering, delivers this property or any other documents or information to the Competent Department shall have no criminal, civil or disciplinary liability if he has acted in good faith."
You should disclose all necessary information to your bank to avoid potential issues. However, it is also important for you to consult with legal counsel or a professional familiar with Saudi Arabian and US laws related to international business transactions for further guidance regarding your situation.
- Article 3.1: "It is prohibited to commit any of the following acts: (1) Converting, transferring, transporting, amending the form of, or managing funds with the intent of concealing or disguising their illicit origin, or assisting someone involved in the commission of a predicate offense in order to evade the legal consequences of his acts."
Applying for an LLC and registering as an agent on Amazon in the USA are generally legal activities and in accordance with business laws. However, it might have raised a red flag with Al Rajhi Bank as potentially suspicious. The fact that your card was declined and you were asked to bring your passport might simply be standard operating procedure for the bank when it detects activity that could potentially be flagged as money laundering.
- Article 7.1: "Any person who, upon becoming aware of any property resulting from a Predicate Offense or related to Money Laundering, delivers this property or any other documents or information to the Competent Department shall have no criminal, civil or disciplinary liability if he has acted in good faith."
You should disclose all necessary information to your bank to avoid potential issues. However, it is also important for you to consult with legal counsel or a professional familiar with Saudi Arabian and US laws related to international business transactions for further guidance regarding your situation.
2 days ago
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