How do you do it?

[Chevas Regal]

I am quite struck on the uncertain regulation of the land where i was born. The government has no clear Instance on the use of bitcoin. The country Opposes Money Laundering , i am ok with it but if a huge rush comes to your Bank in form of currency and that too from exchange of Bitcoin then it could lead to suspection of Money laundering.


Suppose i am from Other country say Thailand and i need to transfer a huge sum into some bank account in other country then how could i do it. Monthly salary in 42,701 Thai Baht. And i would like to transfer 4-5BTC every month(which i get from trading) to my home country bank.

[Idrisu]

Depend on the part of the world you come from every countries has there money laundry laws, in other to regulate the inflow and outflow of money in the country and avoid inflation. You can convert you bitcoin to other liquid assets and resale them in your country. My boss do convert his bitcoin earned in buying clothes and sale them in my country.

[pinkpanther03]

I am quite struck on the uncertain regulation of the land where i was born. The government has no clear Instance on the use of bitcoin. The country Opposes Money Laundering , i am ok with it but if a huge rush comes to your Bank in form of currency and that too from exchange of Bitcoin then it could lead to suspection of Money laundering.


Suppose i am from Other country say Thailand and i need to transfer a huge sum into some bank account in other country then how could i do it. Monthly salary in 42,701 Thai Baht. And i would like to transfer 4-5BTC every month(which i get from trading) to my home country bank.

I think that will depend on the country you belong, But I have a friend in Australia that even His there, He can transfer some of his bitcoin here in my country because we have a merchant here who accepted bitcoin which is coins.ph, even me I'm here in my country I can send money to my cousin in canada through bitcoinBTC.

[Red-Apple]

well this is a serious thing that you need to consult your bank and even possibly with a lawyer inside your country (or both countries even) not us on bitcoin forum.
you are not transferring small amount, it is about $3000-$4000 every month, and it is not money laundering that you should fear but also taxes. you may need to report this earning to the tax man! or face tax evasion charges.

check out legal board too: https://bitcointalk.org/index.php?board=74.0

[veleten]

I am quite struck on the uncertain regulation of the land where i was born. The government has no clear Instance on the use of bitcoin. The country Opposes Money Laundering , i am ok with it but if a huge rush comes to your Bank in form of currency and that too from exchange of Bitcoin then it could lead to suspection of Money laundering.


Suppose i am from Other country say Thailand and i need to transfer a huge sum into some bank account in other country then how could i do it. Monthly salary in 42,701 Thai Baht. And i would like to transfer 4-5BTC every month(which i get from trading) to my home country bank.

the best way is to find out the sum you can deposit or transfer without any problems
there are certain limits and they differ from country to country,for example in some countries under 10.000$ cash movements are not flagged,but anything over it
is immediately flagged and sent to tax officials or investigated by the bank's security
either ask a bank representative directly,or befriend an operationist girl and interrogate her during one of the dates

[tigerwood0432]

I am quite struck on the uncertain regulation of the land where i was born. The government has no clear Instance on the use of bitcoin. The country Opposes Money Laundering , i am ok with it but if a huge rush comes to your Bank in form of currency and that too from exchange of Bitcoin then it could lead to suspection of Money laundering.


Suppose i am from Other country say Thailand and i need to transfer a huge sum into some bank account in other country then how could i do it. Monthly salary in 42,701 Thai Baht. And i would like to transfer 4-5BTC every month(which i get from trading) to my home country bank.

Use a Bitcoin debit Card and withdraw from ATM machine = totally anonymous

ATM BITCOIN DEBIT CARD :(keep invite code you will get 25% discount)

https://cryptopay.me/join/6b41ffbf

[Zadicar]

I am quite struck on the uncertain regulation of the land where i was born. The government has no clear Instance on the use of bitcoin. The country Opposes Money Laundering , i am ok with it but if a huge rush comes to your Bank in form of currency and that too from exchange of Bitcoin then it could lead to suspection of Money laundering.


Suppose i am from Other country say Thailand and i need to transfer a huge sum into some bank account in other country then how could i do it. Monthly salary in 42,701 Thai Baht. And i would like to transfer 4-5BTC every month(which i get from trading) to my home country bank.

Use a Bitcoin debit Card and withdraw from ATM machine = totally anonymous

ATM BITCOIN DEBIT CARD :(keep invite code you will get 25% discount)

https://cryptopay.me/join/6b41ffbf

This would be the best suggestion for me since you want to avoid those regulation by your government in your country then its better to use this card and besides you could able to transfer and get funds as long as you want without being traced.Try to use bitcoin debit card it would be useful for you.

[Kasabus]

I am quite struck on the uncertain regulation of the land where i was born. The government has no clear Instance on the use of bitcoin. The country Opposes Money Laundering , i am ok with it but if a huge rush comes to your Bank in form of currency and that too from exchange of Bitcoin then it could lead to suspection of Money laundering.


Suppose i am from Other country say Thailand and i need to transfer a huge sum into some bank account in other country then how could i do it. Monthly salary in 42,701 Thai Baht. And i would like to transfer 4-5BTC every month(which i get from trading) to my home country bank.

There would be no problem with that dude, don't worry. They will not suspect you if you have a job and you can convince them that you are making money from it. Trading is not an illegal activities and hence you are not laundering your money.

In our country, there's only what you called as covered transactions and it's a single transaction with at least $10,000 but it's nothing serious if it's just a covered transaction. Laws from different countries differs, so I guess it would be helpful to you if you make your own research, it's hard to mess up with the law if you have a limited learning only but as far as what you have mentioned, you will be fine.

[robelneo]

I am quite struck on the uncertain regulation of the land where i was born. The government has no clear Instance on the use of bitcoin. The country Opposes Money Laundering , i am ok with it but if a huge rush comes to your Bank in form of currency and that too from exchange of Bitcoin then it could lead to suspection of Money laundering.


Suppose i am from Other country say Thailand and i need to transfer a huge sum into some bank account in other country then how could i do it. Monthly salary in 42,701 Thai Baht. And i would like to transfer 4-5BTC every month(which i get from trading) to my home country bank.

First You should check the country you are in their rules and laws governing the money laundering and check if the amount that you are receiving or sending all  gross,falls into money laundering,every country has a threshold on that..

[bitllionaire]

I am quite struck on the uncertain regulation of the land where i was born. The government has no clear Instance on the use of bitcoin. The country Opposes Money Laundering , i am ok with it but if a huge rush comes to your Bank in form of currency and that too from exchange of Bitcoin then it could lead to suspection of Money laundering.


Suppose i am from Other country say Thailand and i need to transfer a huge sum into some bank account in other country then how could i do it. Monthly salary in 42,701 Thai Baht. And i would like to transfer 4-5BTC every month(which i get from trading) to my home country bank.

First You should check the country you are in their rules and laws governing the money laundering and check if the amount that you are receiving or sending all  gross,falls into money laundering,every country has a threshold on that..

yes that is right every country has their own rules and regulation, as in my country if you are sending money to some where else out side the country then you have to pay tax on it and only then you can sent your money from the country other wise it is illegal and is falls into money laundering.

[kidoseagle0312]

I am quite struck on the uncertain regulation of the land where i was born. The government has no clear Instance on the use of bitcoin. The country Opposes Money Laundering , i am ok with it but if a huge rush comes to your Bank in form of currency and that too from exchange of Bitcoin then it could lead to suspection of Money laundering.


Suppose i am from Other country say Thailand and i need to transfer a huge sum into some bank account in other country then how could i do it. Monthly salary in 42,701 Thai Baht. And i would like to transfer 4-5BTC every month(which i get from trading) to my home country bank.

I think you need to use credit card with your problem, though in every country they have their own policy in money laundering. So much better for us to follow the laws of our country regarding to this matter.

[jcojci]

I am quite struck on the uncertain regulation of the land where i was born. The government has no clear Instance on the use of bitcoin. The country Opposes Money Laundering , i am ok with it but if a huge rush comes to your Bank in form of currency and that too from exchange of Bitcoin then it could lead to suspection of Money laundering.


Suppose i am from Other country say Thailand and i need to transfer a huge sum into some bank account in other country then how could i do it. Monthly salary in 42,701 Thai Baht. And i would like to transfer 4-5BTC every month(which i get from trading) to my home country bank.

i think you need to know local merchant which is selling and buying bitcoin as they can help you to solve your problem. with that amount, i think there is many people from your country that have more than that amount and they want to help you. my suggestion is you need to make selection for the merchant because you are going to make big transaction with 4-5 btc.

[SONG GEET]

Money laundaring is restricted in almost every country so your country is not only one. You can sell bitcoin for hard cash with local guys over localbitcoins or you can use unverified bitcoin debit card to withdraw small amount like $2k per card, use multiple bitcoin debit card providers.
Even if you use those debit cards, those debit card provider can give detail to your government in case of investigation. But just for 4-5BTC per month, i don't think your government will take any interest in your bank account.

[cryp24x]

The suggestion of previous post are good enough to keep you away from the suspicion.  But if you really are working and that bitcoin is from the your hardwork, why not declare it in your income tax.  That way you are doing it legally and at the same time giving tax to your government. Just provide the details of your work and I think you will be ok.

[ArdiPrabowo]

solution problem about money laundring regulation youre country
you can use bitcoin debitcard
is many open service bitcoin debitcard, advash, xapo, unichange.me, liquid and more
about review bitcoin debitcard you can find in bitcointalk thread

[deadsilent]

Every country have different rules or laws. You should know that in the first place. Ofcourse they will accuse you from money laundering. Theres availlable local bitcoin wallet in your country. You should use that. Me, im using a local bitcoin wallet. And theres so many cash out options and ofcourse you can store it legally on your bank account. If theres none. Seek for legal advice.

[housebtc]

I don't think this is an issue, all you need is to familiarize yourself with the financial laws guiding Money laundering, in my country anything above $5000 your account will be flagged. If you don't understand the laws you can even consult a financial adviser, he will shed more light on it and you will have your way around it.

[ipanks]

I don't think this is an issue, all you need is to familiarize yourself with the financial laws guiding Money laundering, in my country anything above $5000 your account will be flagged. If you don't understand the laws you can even consult a financial adviser, he will shed more light on it and you will have your way around it.

i think in every country have limit to not investigate as money laundering and they will do if one account have more than $5000 or more and many transaction in every day. so if you only want to use under $5000 then i think you are safe, don't think too much with your money, unless you have billion dolar in your account and you do many transaction every day.

[jamyr]

I am quite struck on the uncertain regulation of the land where i was born. The government has no clear Instance on the use of bitcoin. The country Opposes Money Laundering , i am ok with it but if a huge rush comes to your Bank in form of currency and that too from exchange of Bitcoin then it could lead to suspection of Money laundering.


Suppose i am from Other country say Thailand and i need to transfer a huge sum into some bank account in other country then how could i do it. Monthly salary in 42,701 Thai Baht. And i would like to transfer 4-5BTC every month(which i get from trading) to my home country bank.

*Okay let us put it this way, legally in my homeland, a person is innocent until proven guilty. (I do not need to prove you I'm right, its the one accusing that needs to prove I'm wrong).

How you do it?
I don't do it personally, but have encountered a scenario, way back in college about the best possible way to make money transfers privately. I believe this(see below) is  just a workaround and a solution I presented to my Prof. but will not advise anybody to do it.

"Scenario : Mr. Nobody is wanting to be able to move P2,000,000 monthly to a Bank outside the Philippines." Think of the best way to do it without being suspected of laundering money."

*Create 100 savings account under 100 different names in 100 different addresses(not on main banks), 2m/100, First 14 Days, 50 accounts will deposit P2000 everyday Monday to Friday(50*2000)*10, the other 50 accounts will do it after the first half of the month.

Got an "F" grade with that. But I stand on this to be the best way to avoid preying eyes.

[mummybtc]

I am quite struck on the uncertain regulation of the land where i was born. The government has no clear Instance on the use of bitcoin. The country Opposes Money Laundering , i am ok with it but if a huge rush comes to your Bank in form of currency and that too from exchange of Bitcoin then it could lead to suspection of Money laundering.


Suppose i am from Other country say Thailand and i need to transfer a huge sum into some bank account in other country then how could i do it. Monthly salary in 42,701 Thai Baht. And i would like to transfer 4-5BTC every month(which i get from trading) to my home country bank.

*Okay let us put it this way, legally in my homeland, a person is innocent until proven guilty. (I do not need to prove you I'm right, its the one accusing that needs to prove I'm wrong).

How you do it?
I don't do it personally, but have encountered a scenario, way back in college about the best possible way to make money transfers privately. I believe this(see below) is  just a workaround and a solution I presented to my Prof. but will not advise anybody to do it.

"Scenario : Mr. Nobody is wanting to be able to move P2,000,000 monthly to a Bank outside the Philippines." Think of the best way to do it without being suspected of laundering money."

*Create 100 savings account under 100 different names in 100 different addresses(not on main banks), 2m/100, First 14 Days, 50 accounts will deposit P2000 everyday Monday to Friday(50*2000)*10, the other 50 accounts will do it after the first half of the month.

Got an "F" grade with that. But I stand on this to be the best way to avoid preying eyes.

I don't think you way will work presently, if you create accounts in different names, who is going to be signatory to the account, if you are then you thumb print will link other accounts together and expose your activities. Unless you are trusting someone to do that for you, also if all the money is sent to thesame account, the receiver account maybe flagged and frozen.