Can I transfer more than $10,000 from my Cambodian bank account (Acleca) to a foreign bank account?
I am asking because there seems to be a $10,000 limit for cash exports, the Phnom Penh airport website says: "Foreign currency in the amount exceeding US$10,000 is required to obtain the permit from the National Bank of Cambodia and approval before an exportation from the General Department of Customs and Excise" http://www.cambodia-airports.aero/en/pa ... val#anchor
Transfer money out of Cambodia
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Not sure about Acleda, but definitely can with ABA, although for amounts over 10k there was some form to complete iirc. I stick to transferring 9k or less as required, fees work out cheaper and less hassle.
I'm not a negative person, I encourage people all the time...it's usually to f**k off! But, whatever.
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Keep in mind that, if it's going to an American bank account, the Bank Secrecy Act will require the bank to report the transaction to the federal government.topinorode wrote:Can I transfer more than $10,000 from my Cambodian bank account (Acleca) to a foreign bank account?
I transferred substantially more than 10K a few months ago through ABA, the only form I filled out was the normal stuff like my Name, Account etc and Beneficiaries details.PSD_Kiwi wrote:Not sure about Acleda, but definitely can with ABA, although for amounts over 10k there was some form to complete iirc. I stick to transferring 9k or less as required, fees work out cheaper and less hassle.
^ Thats good to know, different from my experience as I posted in another thread..
http://www.khmer440.com/chat_forum/view ... 39&t=59972. johntpartee wrote:
PSD_Kiwi wrote:
Documents are only required for amounts above 10k, what those required docs are I have no idea sorry.
I know documentation is required in the US for transactions of ten grand or more [IRS Form 8300]), but does that apply here as well? A better question would be whether or not amounts less than 10,000 USD would require said document(s); it probably depends on the rules and regulations of which bank you're dealing with (or perhaps which bank rep you are talking to).
I have tried on a couple of occasions to transfer amounts above $10k to Aus and NZ, via SWIFT with ABA, they said I would need to provide documents proving the source of the funds and the intended purpose of the transfer, I didn't bother to ask for more details as it sounded like more hassle than it was worth.
I regularly transfer amounts less than 10k (usually 9k or less at a time as the fees are cheaper) via ABA, no documentation is required. I usually do this via ABA's online banking, very simple, except for one account with ANZ Australia which for some reason I cannot send via the online banking portal and have to physically do in person at an ABA branch.
I'm not a negative person, I encourage people all the time...it's usually to f**k off! But, whatever.
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