10k US weekly bankwires would work?
10k US weekly bankwires would work?
Hey
Is there any limit on how much money you can transfer in to Cambodia each time? Just as a example
I will get around 10k US per week so anyone have done this? And any limit how much each time?
Will most likelly open 3-4 accounts in differnt banks to splitt it up. Any experience?
Is there any limit on how much money you can transfer in to Cambodia each time? Just as a example
I will get around 10k US per week so anyone have done this? And any limit how much each time?
Will most likelly open 3-4 accounts in differnt banks to splitt it up. Any experience?
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- Making Khmer girls cry since 2003
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I believe the OP is involved in business. Some businesses deal in cash transfers that may seem impossibly large to some expats.crackers wrote:troll
Follow my lame Twitter feed: @gavin_mac
Hehe not a troll, and correct Gavinmac I run several online business and need
to spread incomes to differnet places so my question is geniun. I live in Thailand but
but will set up second home in PP as it looks now and fase out from Thailand so want
some one that doing in a similare way. So not a troll hehe.
to spread incomes to differnet places so my question is geniun. I live in Thailand but
but will set up second home in PP as it looks now and fase out from Thailand so want
some one that doing in a similare way. So not a troll hehe.
Well 10k is not impossibly large...even weekly.
However, it just seems out of the ordinary to come to an expat forum and ask such advice.
Full respect to the OP if he/she is moving that kid of money...just seems an unusual way to do it.
Anyway, credit where credit is due and apologies for jumping to an erroneous conclusion.
Crackers
However, it just seems out of the ordinary to come to an expat forum and ask such advice.
Full respect to the OP if he/she is moving that kid of money...just seems an unusual way to do it.
Anyway, credit where credit is due and apologies for jumping to an erroneous conclusion.
Crackers
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The limit may be from the source. Maybe your source bank will be wondering why you are sending that amount of money on a regular basis and may ask you for explanations.
Cambodia people still love ca$h and don't care where the money comes from and how much you deposit/withdraw.
Cambodia people still love ca$h and don't care where the money comes from and how much you deposit/withdraw.
Why would I care? I'm Khmer
Thanks cracker,no problem It do look like a troll post hehe. And yes its maybe not the best way or normal
way to send money but its acctually a very good way as long as it stay under the amount that set of alarm bells.
10k US was just a expample to see if anyone know were the limit is.
way to send money but its acctually a very good way as long as it stay under the amount that set of alarm bells.
10k US was just a expample to see if anyone know were the limit is.
Upstage, thats is correct I would assume but I get payouts direct from affialte companies and payment merchants
and there Iam proper documented and run as a sole proprietorship so they dont care.Iam responsible of my own taxes
etc so its works great.
and there Iam proper documented and run as a sole proprietorship so they dont care.Iam responsible of my own taxes
etc so its works great.
- Lucky Lucan
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10K is the cut-off point. You should only send amounts under this if you want to avoid undue attention.crackers wrote:Well 10k is not impossibly large...even weekly.
Romantic Cambodia is dead and gone. It's with McKinley in the grave.
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send different amounts under $10,000
do NOT send on the same day
skip a week every now and than.
I'd contacted the sending bank and ask them if they have any limits. they also might be suspicious if u have wires coming in on the same days for the same amounts an than going out quickly ( a sure sign of money laundering)
do NOT send on the same day
skip a week every now and than.
I'd contacted the sending bank and ask them if they have any limits. they also might be suspicious if u have wires coming in on the same days for the same amounts an than going out quickly ( a sure sign of money laundering)
"We are turning into a nation of whimpering slaves to Fear—fear of war, fear of poverty, fear of random terrorism, or suddenly getting locked up in a military detention camp on vague charges of being a Terrorist sympathizer." HST
Thanks for the advice Phuket2006. Its never same amount as its direct payments on affialte commision
from the affialte companies banks so that part is working fine.
from the affialte companies banks so that part is working fine.
Then you may be in violation of American structuring laws.Lucky Lucan wrote:10K is the cut-off point. You should only send amounts under this if you want to avoid undue attention.crackers wrote:Well 10k is not impossibly large...even weekly.
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The $10k rule only really matters if your doing something illegal and don't want attention (e.g. avoiding taxes). $10k is the point at which the US government requires banks to report the transfer to them (and many other countries have similar limits). Also, banks can report anything that looks suspicious, regardless.
Legitimate transfers over $10k are no problem, though I have had at least one transfer held up before for over a month (from US to PH).
You will have no problem receiving the transfers here. Legally I believe that you would be required to pay income tax as that would be considered taxable income. But at this point I don't believe there is any reporting system in place in Cambodia... yet.
Legitimate transfers over $10k are no problem, though I have had at least one transfer held up before for over a month (from US to PH).
You will have no problem receiving the transfers here. Legally I believe that you would be required to pay income tax as that would be considered taxable income. But at this point I don't believe there is any reporting system in place in Cambodia... yet.
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