Do large money transfers raise any red flags?

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xandreu
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Re: Do large money transfers raise any red flags?

Post by xandreu »

I have a friend who works in a bank back in the UK, and she told me that it's not the one off large sums that raise red flags, after all, everybody sells items of large value from time to time, and some people prefer to use cash for this. Its not an issue. The issue is when it becomes regular deposits of large, unexplained sums of money. Those raise the red flags. Apparently.
The difference between animals and humans is that animals would never allow the dumb ones to lead the pack.
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IraHayes
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Re: Do large money transfers raise any red flags?

Post by IraHayes »

xandreu wrote: ↑Sun Aug 05, 2018 10:34 pm I have a friend who works in a bank back in the UK, and she told me that it's not the one off large sums that raise red flags, after all, everybody sells items of large value from time to time, and some people prefer to use cash for this. Its not an issue. The issue is when it becomes regular deposits of large, unexplained sums of money. Those raise the red flags. Apparently.
Finally!
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sklmeera
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Re: Do large money transfers raise any red flags?

Post by sklmeera »

RE Thailand with large sums of cash . It is risky but I recall one time I was carrying 20 K usd rolled in black plastic in my moneybelt and got stopped by the cops looking for drugs late at night . They asked me what it was then let me go . No hassle .
Another thing . If transferring bank to bank be aware that the High Street Banks in the UK are fucking thieves and will screw you on the rate and fees . Much better to go through an internet exchange dealer . If anyone has more info on this it would be great to hear . Personally I will not give the UK banks a penny if I can help it.
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