I need to transfer about 1 million baht via bank transfer from a Thai bank account to a US bank account. What I'm concerned about is will this amount trigger any red flags with US authorities. Hoping to do it in 1 transfer to save fees etc. There is nothing fishy about these funds and I'm just not sure if the US deems this as suspicious.

I appreciate your comments and insight, Im not looking for alternative methods, I just want to know if there is any reason why this transaction would appear red flag worthy. Thanks

 

 

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The US government watchdogs choose to meddle in anone's business who moves $10,000 or more dollars in or out of a US bank account.  Banks are required to notify appropriate authorities of your dastardly deed.

 

They further require you register your foreign held bank account money every year threatening fines and jail time if you choose to ignore their aggressive intrusion into where you put your money you have already paid taxes on...

 

Land of the free? Laughable! 

 

 

4 hours ago, Puchaiyank said:

The US government watchdogs choose to meddle in anone's business who moves $10,000 or more dollars in or out of a US bank account.  Banks are required to notify appropriate authorities of your dastardly deed.

 

They further require you register your foreign held bank account money every year threatening fines and jail time if you choose to ignore their aggressive intrusion into where you put your money you have already paid taxes on...

 

Land of the free? Laughable! 

 

 

I was very interested in your reply because I am in a similar dilemma.. Re: sending largish amounts to a bank in Europe. What you stated I half suspect would be something along the same lines in Europe.

  But what made me laugh was your closing comment... "Land of the free? Laughable".

   In an earlier post about being .."Ripped off" the first responder had similar comments to make about Thailand because he was asked to produce his Passport to pay an AIS bill in a family mart shop.

  My point....many people on here just love to knock Thailand like it was the only country in the world with what to many might seem like ridicules rules.

I did it, 30K USD about two months ago since then nothing happened so far.

I have read that if funds from your account here, to your account there then no issues.

But if someone else dumps funds into your account that will raise a flag.

7 hours ago, Puchaiyank said:

The US government watchdogs choose to meddle in anone's business who moves $10,000 or more dollars in or out of a US bank account.  Banks are required to notify appropriate authorities of your dastardly deed.

 

They further require you register your foreign held bank account money every year threatening fines and jail time if you choose to ignore their aggressive intrusion into where you put your money you have already paid taxes on...

 

Land of the free? Laughable! 

 

 

I believe the $10,000 threshold applies only to cash transactions. When initially implemented, it was to make it difficult for drug dealers, who had enormous amounts of cash, to deposit their drug money in US Banks.

8 hours ago, Puchaiyank said:

 

 

 

 

 

 

 

 

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8 hours ago, Puchaiyank said:

 

 

Land of the free? Laughable! 

 

 

It was implemented for anti-money laundering purposes.

I've made numerous wire transfers over 10k USD to Thailand with no problems and I knew a few repats who went back to the US and sent thier USD back with them.

 

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Sorry about this bad formatting, don't know how it happened.

 

Edited June 6, 20197 yr by Jaybott

It is completely laughable. Money is almost illegal. If you do not think so get pulled over by a cop with 10k in your pocket and see how it goes. And we the people put up with it so ultimately it is our fault. 

The sarcasm, "Land of the Free" was likely directed toward the USA. As an American, I can attest that the USA might once have been the "Land of the Free" but is not so much anymore. The US government's intrusive over-reach is truly frightening and one reason why an estimated 8,000,000 plus Americans live outside of the "Land of the Free" I am one of them. 

17 hours ago, Expat Tom said:

The sarcasm, "Land of the Free" was likely directed toward the USA. As an American, I can attest that the USA might once have been the "Land of the Free" but is not so much anymore. The US government's intrusive over-reach is truly frightening and one reason why an estimated 8,000,000 plus Americans live outside of the "Land of the Free" I am one of them. 

Just wait until the first Socialist Democrat gets elected.  If you think theres intrusive over-reach now...  Make that estimate 8,000,001.  I retire in 18 months.  I will also be living outside the US.