Reporting Requirements for Money Transfers? - View Single Post
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Old 26th April 2019, 04:51 PM
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There is an international standard for the banks and other financial institutions that requires reporting to the appropriate financial authorities of any transfer of funds (or investment instruments) greater than $10,000 (into or out of the US), and more than 10,000 (into or out of any Eurozone country). I believe there may be a couple EU countries with a lower threshold - possibly as low as 5000 - but I am not sure what countries may be involved.

It's usually the bank or the financial institution making the transfer that is responsible for the reporting. Usually includes source, destination, name of the person or entity making the transfer and some statement of the "reason" for the transfer.
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