WU question

[IronFist]

When does WU have to report transactions? I've heard from some that it was anything over $1,000 and others have told me that it is for amounts exceeding $3,000...Does anyone know for sure? Thanks

 

[bbigman2000]

Hi bro, I belive in usa the threshold is lower, it is of course down to the cashier, if they belive something is odd then they file a report, I think in general terms in usa your ok upto $5000, wiser though would be to stick to small ones of $2.5k from different offices etc, a few days apart.
There is some info on there websites worth reading.
In the main they are looking for money laundering, not for transfers of cash that are for gear etc, here in the UK, they also have tightened up, where a source could once collect £10k plus per day they are in some offices limited to one transaction per day, big brother is watching us all, and data gathering is coming online big time now, its worth taking caution, regards bbig

 

[thepunisher]

I work at a place that does WU and the amount is $3000. Also if the cashier person thinks theres anything suspicious going on they're supposed to fill out the report. Anymore questions just ask.

 

[bunkka]

What about WU transfers that go to Mexico?

Any ideas?

 

[thepunisher]

it doesn't make a difference where you're sending it to

 

[bunkka]

Thanks for the help bro.

Now... say a cashier gets "suspicious" and "fills out the report"? Say if this is in Mexico.. who is contacted, the mexican feds or the US feds? And what are they looking for at that point?

Any mail that is sent to the senders name from that area of mexico? What????

 

[Athernigy]

I don't get it, what would they be suspicious of?

-sk

 

[mvmaxx]

Well anything over like $900 (may be $1k) requires ID so I like to stick below that limit. Even if that requires doing multiple transactions.

 

[IronFist]

Thanks for the help bro.

Now... say a cashier gets "suspicious" and "fills out the report"? Say if this is in Mexico.. who is contacted, the mexican feds or the US feds? And what are they looking for at that point?

Any mail that is sent to the senders name from that area of mexico? What????

Yeah, I'd like to know what "suspicious" is as well....

 

[Athernigy]

Well anything over like $900 (may be $1k) requires ID so I like to stick below that limit. Even if that requires doing multiple transactions.

Yea, anything above $999 requires id. I was surprised though that since last time I asked them for a reciept they required me to sign it? That was the first time I had to sign for a WU order but it was also the first time I had a recept. Has anyone else been required to sign it?

-sk