Wiring money to LoColombia

drvannostren says on Oct 24, 2008, 17:19:

Man I wish I had this problem

No matter where you go, the Korean tour bus isn't far behind.

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pilotguy says on Oct 24, 2008, 17:19:

That all is normal here. Because of drug money. Banks are required to do this. When you make a good acquaintance you can get some things done faster. Joe

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Pirate2late says on Oct 24, 2008, 17:33:

Pilotguy,

You gotta keep everything under 10 grand or else you'll find yourself on the watch list with US Customs, the IRS and Homeland Security! Good luck!

el Pirate

"Fly it until the last part stops moving!"

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calipro says on Oct 24, 2008, 17:34:

pilotguy

It may be the norm here but it doesn't make any sense. I have had a bank account here for years and I have a cedula. The government knows who I am and if there is a problem they know who to look for.

It only takes a week or so to suck 18 grand out of ATMs if you have a few bank accounts with ATM cards and they have no idea who has the money or were it is going.

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Philly says on Oct 24, 2008, 17:35:

I hope you get your problem resolved. I would never wire that much money to Colombia. I have some businesses in Europe. I have all that money wired to my bank in the US, then send a little bit at a time to Colombia, just so I will not have that problem. I do not feel as though I have to explain myself to anyone. The banks` job is to take care of my money, not ask where it came from, so I thought.

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calipro says on Oct 24, 2008, 17:59:

Philly

The idea is to send the money down when the exchange rate is good. Sending it down little by little doesn't make much sense to me because even if I send $9500 down twice in a month it still sends up a red flag.

I guess I could wire $9500 down once a month for ten months so I have the money to buy the apartment I want but who the hell wants to wait ten months to buy something.

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yummyj says on Oct 24, 2008, 18:36:

rhyme - drugs

reason - money laundering.

It is very simple to understand. If you don't like it, stay home. Quit complaining.

And your point about doing it in the past - garbage.

Let's say I want to launder money. I transfer legit money one time with all the papers and everything is fine. SO, they are to trust me when I proceed to transfer money again? This makes sense ot me. Why not you?

Just because you have been to Colombia, that does NOT mean that you are anywhere near an expert on the place. Sorry. Truth hurts.

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la campiña (☼Travelguide writer) says on Oct 24, 2008, 19:05:

jimmymcc says on Oct 24, 2008, 20:27:

yes its a pain and they will send it back, I had a lot of grief with them and I sent it to a friend. I had to fax over a copy of my UK acount to prove the money came from my bank,

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jdixon150 says on Oct 24, 2008, 21:05:

WELCOME TO COLOMBIA,

"Life is not a dress rehearsal" Rose Tremain..

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calipro says on Oct 24, 2008, 21:12:

Frank

That is an incredibly nice offer but I'm going to send my lawyer over to the bank on Monday to see if I can get these backward bastards off their ass. hehehe !!!

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www.calirentals.net (☼Travelguide writer) says on Oct 24, 2008, 22:55:

calipro says on Oct 25, 2008, 02:55:

Hey Art

Thanks for tryin.

I'm goin get the money there even if I have to put it all out of ATMs.

And if I'm going to do that I might as well launder some money while I'm at it. hehehe !!!

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calipro says on Oct 25, 2008, 02:58:

Maybe while we are at it we can yummy dummy to explain how having a job and a bank account means the money is legit. No wonder there are so many damn drugs in the States. LOL!!!!

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calipro says on Oct 25, 2008, 08:23:

gringoloid

I believe the BanColombia international wire department is based out of Medellin.

I also believe the branch manager in Cali can accept the wire because they are the ones that you present your documents to.

And when I did this three to four years ago they released the funds immediately.

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www.calirentals.net (☼Travelguide writer) says on Oct 26, 2008, 18:13:

davidslc46 says on Oct 28, 2008, 05:29:

I spent $1000 last week merely to fly to my bank in Las Vegas and initiate two bank wires to Colombia. One was for $50,000 and One was for $20,000. As far as I can see the money transfered without incident and should be legalized now. I did have my english speaking Medellin attorney connect me with a legalizing company which will cost me 2 million for all the documentation and invoicing necessary to legalize $100,000 USD. I also had my attorney meet with me and the bank where we were forced to show the orgin of the money and promisary note for the purchase of a piece of property.

My attorney has been invaluable to me. Maybe you can go without one, but for me it may cost me 3 million for her involvement but she has evaluated and is invoved in two real estate transactions, created contracts, working on a prenup, working on double documents and sits there ready to act on my behalf should something negative happen to me. Her fee is about 75 USD per hour although she appears to do some things like read emails or meet with bank for gratis.

I tried to send $7500 into Colombia on my own and it was as difficult as sending $100,000. I know today that bank managers have the discretion of letting $5000 a month in without documentation, but that appears to be the threshold. Above that and you arte in the money laundering protocols.

I will update you should I have any problems with these bank wires.

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