Post by email@example.com
On Sun, 7 Apr 2019 12:14:54 +0100, David Woolley
Post by David Woolley
In my view, requiring such a large amount of money in cash is a show
stopper, as there are almost no legitimate reasons for doing so.
If I transfer the 80,000 CAD to a UK bank account, rather than cash,
then would that worry the money laundering authorities?
The money is "kosher" and I can prove it was obtained legitimiately.
Basically I've never yet transfered such a large sum of money, and I
would like information / advice as to how to do so.
1 Check with the Canadian Bank what their charges are, for transferring
in CAD and in GBP (the charges are probably different).
2 Check with your UK bank (if you have accounts with more than one,
check all of them) what their charges are for receiving money in CAD and
3. Check what exchange rate each uses (just ask each, on the same day,
what their rate for that day is to find out any difference).
Then check what combination is likely to be cheapest.
Avoid any date where there is particular uncertainty (for example, any
of the various Brexit deadlines) as the exchange rate spreads will be