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7 February 2024, 11:46 PM | #1 |
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Income documents when buying AP
Hi all - I was asked for income documents before buying an AP watch in Singapore. They've mentioned it's a regulation - probably around prevention of money laundering. But it seems I need to wait for HQ approval. Anyone got a similar experience?
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8 February 2024, 02:40 AM | #2 |
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LOL, never heard of it.
i think they are trying to sieve out their clients asking what hobbies i have, where do i stay etc is fine. anything financial is none of your business. if i can walk in to your boutique means i am ready to buy. |
8 February 2024, 02:48 AM | #3 |
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Wouldn’t be surprised if this is another resale limiting tactic.
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8 February 2024, 03:07 AM | #4 |
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If this is real, which I highly doubt, AP is in serious trouble and is becoming a joke. They aren’t selling homes, it’s just a watch
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8 February 2024, 03:08 AM | #5 |
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ya, it's quite quite funny. it's like you're applying for a home loan.
the furthest you could ask is your income range but then again, it's up to the client to answer. |
8 February 2024, 04:57 AM | #6 |
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No, they can't even ask that. They don't offer financing, so it matters not how much $$$ I have or make.
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8 February 2024, 04:27 AM | #7 |
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LOL... Predicting your 3y or 5y or lifetime spend with them based on your income... Way out of line.
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8 February 2024, 05:09 AM | #8 |
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i'd never offer anything like that to AP/AD
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8 February 2024, 05:30 AM | #9 |
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I don't believe this. Do you have an email or app of this?
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8 February 2024, 05:37 AM | #10 |
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To be honest, I wouldn't even mind. I think it would be helpful for my SA to know if I'm in a line with clients able to purchase a concept or not. It's not like they aren't inferring this data already through my hobbies/cars/events I attend.
Then again, I give my compensation information to anyone who asks, being weird about your pay is such a boomer thing.
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8 February 2024, 06:00 AM | #11 |
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AP- what are some of your other hobbies?
Me- I enjoy going to swingers parties and doing lots of cocaine. AP- uhhh... what kind of car do you drive? Me- I drive a van so I can easily smuggle more cocaine home. AP- can we see your income documents? Me- it's all money laundered cash. AP- you're the perfect client. Which Jumbo would you like to buy today? |
8 February 2024, 08:49 PM | #12 | |
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9 February 2024, 11:28 PM | #13 | |
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8 February 2024, 06:51 AM | #14 |
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Getting worst and worst…
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8 February 2024, 07:32 AM | #15 |
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I am so sorry you have to experience this. This is ridiculous. Anyone experience this in the States?
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8 February 2024, 07:47 AM | #16 | |
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Quote:
Not at all - I've just been asked a ton of questions on my interests and hobbies and what I do for a living. None of this has resulted in any invitations to anything I care about (or for that matter : any invitations at all, lol)... |
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8 February 2024, 08:09 AM | #17 | |
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Quote:
I’ve never been asked anything like this - just what my hobbies and interests are, how I got into watches, etc. We briefly touched on my profession but we didn’t even spend that much time talking about that. Sent from my iPhone using Tapatalk |
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8 February 2024, 07:47 AM | #18 |
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Crazy if true (not denying your claim OP, it just sounds ridiculous but nowadays, nothing really surprises me in the watch world).
Visited Singapore before and maybe it’s a cultural thing, but I think if they tried this in the states, it would be a big no-no. Kind of surprising that the Swiss would do this, given their cultural norms and bias to privacy.
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8 February 2024, 08:16 AM | #19 |
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If they asked me if that, I’d make a mockup document and show it to them. Play stupid games, win stupid prizes.
I’m now a high ranking manager at Meat Flipping Company, and earn 1200$ a month. Would love to see the SA’s reaction. |
8 February 2024, 08:35 AM | #20 |
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Corporate will not request this. If it's regional or store specific then it's their choice. I don't believe this is reasonable: I can be retired sitting on a pile of cash. You want my bank statement? If this is true the sales and the store is just embarrassing themselves.
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8 February 2024, 09:30 AM | #21 |
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This is a joke, right? Why stop incoming documents/they should be asking for blood samples too.
Sounds ridiculous |
8 February 2024, 09:45 AM | #22 |
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The Singapore boutique has never asked me this.
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8 February 2024, 09:51 AM | #23 |
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AP KL wanted to know my profession and work details. Was happy to provide details and no further questions were asked.
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8 February 2024, 10:29 AM | #24 |
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It wasn't an email but a text message from the SA outlining the documents and telling me it'll take around 3 weeks from allocation to purchase given the document review and all. Whilst I understand money laundering checks, I thought this applies to certain businesses with a certain license like banks... thanks all for the info. This has been helpful.
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8 February 2024, 06:06 PM | #25 | |
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9 February 2024, 02:39 AM | #26 |
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8 February 2024, 06:20 PM | #27 | |
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8 February 2024, 10:47 AM | #28 |
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This has got to be a joke.
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8 February 2024, 11:30 AM | #29 |
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Which boutique OP?
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8 February 2024, 01:11 PM | #30 |
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Never heard of this and based in SG. Have been buying from them for years.
Seems odd Sent from my iPhone using Tapatalk |
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