Send money to a Friend?

[Jean Dupuis]

Hello,

i wonder in the case of a bank in Lithuania with offshore company,
it is possible to send money to a french Friend ( so personal account) without complication? Something like 2000€.

Because I heard about tracfin :
Tracfin - Wikipedia

Thank for your help!

regard

 

[Bmw850]

Hello,

i wonder in the case of a bank in Lithuania with offshore company,
it is possible to send money to a french Friend ( so personal account) without complication? Something like 2000€.

Because I heard about tracfin :
Tracfin - Wikipedia

Thank for your help!

regard

Tracfin in France switch on red lights over 7500 Euros for personal and 50.000 Euros for business.
So you are under the radar .

 

[void]

Tracfin in France switch on red lights over 7500 Euros for personal and 50.000 Euros for business.
So you are under the radar .

one payment?
or summed per destination or source? for what unit of time?

 

[Bmw850]

one payment?
or summed per destination or source? for what unit of time?

One shot payment. Those amounts pop up on tracfin screen. For example 10*5000 Eur will not be seen by tracfin.

 

[void]

funny, it's really hard to believe that it could be so stupid

 

[Bmw850]

funny, it's really hard to believe that it could be so stupid

Tracfin cannot track all amount everyday on every account, it s unworkable. And for my business ( hardware ) 50k is a joke.

 

[Nyep]

50k is a joke

What's your margin on 50k?

 

[Bmw850]

What's your margin on 50k?

13-15% why?

 

[Nyep]

13-15% why?

Just curious. 13-15 % is pretty good actually, good on ya.

 

[Jean Dupuis]

Hello thank for your reply.
Please what is your source for this information?
From what i read is 1000€ by transaction.

Because :
Communication systématique d'informations (COSI) relative aux transmissions de fonds

( google translate
The thresholds from which information is required are set at € 1,000 per transaction and € 2,000 cumulative per customer over a calendar month.

 

[Bmw850]

Hello thank for your reply.
Please what is your source for this information?
From what i read is 1000€ by transaction.

Because :
Communication systématique d'informations (COSI) relative aux transmissions de fonds

( google translate
The thresholds from which information is required are set at € 1,000 per transaction and € 2,000 cumulative per customer over a calendar month.

My source is from my bankers in France.
Anyway will try to explain.
The bank inform tracfin for the amount you specified but it s not automatic and not forced. To let you understand better in 2017 , 57.000 transactions have been reported through the 10 big bank in France. So you understand that is really not automatic.
Now you have to make difference between two reporting from the bank , the one without doubt of terrorism goal, money laundering etc and the one with.
The 1000 and 2000€ mentioned may be reported or not , but they are in the first group.
The amounts I mentioned , are in the second group , and then tracfin must put your account under surveillance.
So I answered your question a bit fast but the point was you can send 2000euros to your friend and nothing will happen

 

[Bmw850]

You can also check this
Les pouvoirs de Tracfin
You will understand the Cosi better