Transferring large amounts of money query?

[Slumdog]

I need to transfer money from one country to another. Does transferring large amounts, over 20k euro raise any eyebrows. (It's not a problem whether anyone asks really)

What are the forums opinions?

[DiscoStu]

I like to take a big carrier bag of used notes through customs, it's more exciting.

[DimPrawn]

€20K

Chickenfeed.

[DiscoStu]

€20K

Chickenfeed.

That wouldn't feed my chickens for a morning.

threaded

[chef]

No, I move that amount over every once in a while, never had a problem in the slightest.

[Gonzo]

I need to transfer money from one country to another. Does transferring large amounts, over 20k euro raise any eyebrows. (It's not a problem whether anyone asks really)

What are the forums opinions?

It doesn't necessarily raise any eyebrows - there are plenty of companies and individuals that have to transfer money between countries, but whoever you use will need to do the full Know Your Customer checks before they will take your money.

They will also have to be on the watch for potentially suspicious behaviour with your transactions.

15,000 Euro always used to be the threshold that they would start taking an interest in. I don't know if that amount has changed in the last couple of years.

[HairyArsedBloke]

€20K

Chickenfeed.

Yes. Nobody will bat an eyelid at that.

Unless you do it in cash, in which case expect:

On the plus side, you will be able to get a better exchange rate from the banks on that size of trade.

[NotAllThere]

I paid £27K in cash into a uk bank. I had to declare its origin (repayment of loan to relatives - of course, the question of where they got it from wasn't posed). Once in the uk bank, I transferred it abroad. Again, I had to declare why I was making the transfer (Because I want it in my Swiss bank). No problems.

[expat]

Transfer out of Liechtenstein? Yes, it's about time. But where to?

[Slumdog]

Transfer out of Liechtenstein? Yes, it's about time. But where to?

hehe... thats a fair cop guv. Such bad timing!!!