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.
So I deserve that F? haha.
anyways,
If you've heard of the anon bank accounts, and other smaller banks like GlobeBanko, I think that was the name, don't require much docs. And that is the reason why it will be a minimal fund transfer, if I remember it right, one time big time deposits are those that will get unwanted attention.
