Question:
I am a resident of Crimea, and due to the sanctions applied to Crimea, my company cannot transfer money (dollars) to me directly, to Crimea. In order to be able to receive the money, I opened a bank account in Moscow and my company transferred some amount (less than 2000 US dollars) to me there. When opening an account, I asked bank employees if it was possible to transfer currency from one of my accounts to another in another bank. I was told that yes it is possible. Now that the money has arrived, I tried to transfer the currency to the account of the Crimean bank, where I also have a foreign currency account. And the bank tells me that settlements between residents within Russia in foreign currency are prohibited. Yes, I understand that between residents, but the transfer of funds from one of my accounts to another is not a settlement between residents. Tell me who is right here and how to get out of the situation so that I can get currency in Crimea.
Answer: A bank employee, telling you that “calculations between residents within Russia in foreign currency are prohibited,” simply made an inaccurate expression, voicing the law, but he is right in the main thing - such a ban really exists. Of course, it is bad that you were not immediately warned about the problem that they think you may have, i.e. treated the problem formally.
I'll start by explaining the situation. Article 9, paragraph 1 of the Federal Law "On currency regulation and currency control" dated 10.12.2003 N 173-FZ really states that currency transactions between residents are prohibited. It is between residents and precisely operations.
Here is how it is stated in the law N 173-FZ of 12/10/2003:
Here are just two of the 21 points:
- Currency transactions between residents are prohibited, with the exception of: (and then 21 items are listed with the exceptions themselves)
Article 9. Currency transactions between residentsThere are no separate articles, explanations or exceptions that would stipulate the impossibility of a resident to carry out foreign exchange transactions between his foreign currency accounts, but the law clearly stipulates the possibility of foreign currency transfers to close relatives (as an exception) and exceptions under part 3 of article 14, stipulated in Clause 1 of Art. 9.
The definition of “transactions between residents” is not fully applicable to you, and you are absolutely right in this, but there is no other definition of these transactions between accounts of one resident in the law either. There is a clear gap or inconsistency in the wording, which, of course, one can try to clarify through the Constitutional Court, but this is a long song, and there are no people who want to do this.
Therefore, in a situation where direct transfers from abroad to Crimea are under sanctions, and even American payment systems Visa and MasterCard operating in Russia support a sectional regime, and the law prohibits currency transfers between residents within the country, it becomes extremely problematic to transfer currency to a Crimean bank account.
Now about what in this situation can be done through your bank. There is only one option legal solution problems of non-cash transfer of currency from account to account, which the bank will not be able to dispute, and you already determine how accessible and realistic it is for you.
So, the currency can be transferred on the territory of Russia to a foreign currency account that will be opened by your wife (if she has one!), Father or mother, brother or sister. Such an exception by law is laid down in paragraph 17 (Article 9 of the Federal Law N 173-FZ of December 10, 2003), which may suit you, but I think the relationship of the resident recipient will need to be documented in the sending bank. In addition, the receiving bank must also be an authorized bank. Transfers are made without limitation on the amount.
This is how this operation is described in the same article of Law N 173-FZ of December 10, 2003, an excerpt from which I have already quoted above:
Article 9. Currency transactions between residents1. Currency transactions between residents are prohibited, except for:
1) transactions provided for by subparagraphs "g" and "h" of paragraph 9 of part 1 of article 1, parts 2 - 4 of this article, part 6 of article 12 and part 3 of article 14 of this Federal Law;
17) transfers by individuals - residents of foreign currency from their accounts opened with authorized banks in favor of other individuals - residents who are their spouses or close relatives (relatives in direct ascending and descending lines (parents and children, grandfather, grandmother and grandchildren ), full-blooded and half-blooded (having a common father or mother) brothers and sisters, adoptive parents and adopted children), to the accounts of these persons opened in authorized banks or in banks located outside the territory Russian Federation;
You can also try to get a cashless currency transfer from a resident’s account to a non-resident’s account, but for this, among your close friends there must be a non-resident who permanently resides in Crimea, has a foreign currency account, and is also willing to help you. This is a problematic and undesirable option, although transfers by residents of the Russian Federation when making a payment in favor of a non-resident of the Russian Federation in foreign currency are carried out without restrictions. And such transfers can be subject to financial monitoring.
In addition, in order to make a non-cash transfer in foreign currency in favor of a non-resident, an “Application for a money transfer (of a standard form) with obligatory observance the following conditions:
Article 14. Rights and obligations of residents in the course of foreign exchange transactions
3. Settlements in the course of foreign exchange transactions are made by resident individuals through bank accounts in authorized banks, the procedure for opening and maintaining which is established central bank Russian Federation, with the exception of the following currency transactions carried out in accordance with this Federal Law:
1) transfer by a resident natural person of currency valuables as a gift from the Russian Federation, a subject of the Russian Federation and (or) a municipality;
2) donations of currency values to a spouse and close relatives;
3) bequests of currency values or their receipt by inheritance right;
4) acquisition and alienation by a resident individual for the purpose of collecting single banknotes and coins;
5) transfer by an individual - resident from the Russian Federation and receipt in the Russian Federation by an individual - resident of a transfer without opening bank accounts, carried out in accordance with the procedure established by the Central Bank of the Russian Federation, which may provide only for limiting the amount of the transfer, as well as mail order;
6) purchase from an authorized bank or sale to an authorized bank by an individual - a resident of foreign currency in cash, exchange, replacement of banknotes foreign state(groups of foreign states), as well as acceptance of cash foreign currency for collection in banks outside the territory of the Russian Federation;
7) settlements of individuals - residents in foreign currency in duty-free shops, as well as in the sale of goods and the provision of services to individuals - residents along the way Vehicle for international transport;
8) settlements carried out by resident individuals in accordance with Part 6.1 of Article 12 of this Federal Law;
9) transfer without opening a bank account by a resident individual in favor of a non-resident on the territory of the Russian Federation, receipt by a resident individual of a transfer without opening a bank account in the Russian Federation from a non-resident, carried out in accordance with the procedure established by the Central Bank of the Russian Federation, which may provide, respectively, only limiting the amount of the transfer and the amount of receipt of the transfer.
Throughout almost the entire history of the Soviet Union, the state monopoly on foreign trade and foreign exchange operations reigned in the country. It was not until 1986 that the first timid attempts at liberalization were made in these areas, when enterprises that were subjects of foreign economic activity received the right to receive part of foreign exchange earnings from exports. Soviet citizens, however, did not receive any new opportunities in connection with these innovations. Resident citizens were still prohibited from purchasing and holding foreign currency in rubles, and there was no organized exchange of rubles for foreign currency. Exceptions to this rule applied to seconded employees of various missions abroad who receive foreign currency according to the norms established by the Ministry of Finance, and to persons receiving fees, pensions and transfers from abroad. All these citizens practically did not have the opportunity to have cash currency on hand (except for business travelers): it was credited to special nominal accounts in the only authorized bank in the country - the Bank for Foreign Trade of the USSR, and it was possible to withdraw from these accounts, with rare exceptions, not currency, but only checks of Vneshposyltorg of various modifications depending on the "status" of the foreign currency and its owner (checks were purchased in the network of so-called "currency shops" - "Birch", "Kashtan", etc.).
The beginning of a genuine liberalization of foreign trade and currency legislation served as the Decree of the President of the RSFSR of November 15, 1991 N 213 "On the liberalization of foreign economic activity on the territory of the RSFSR", and then the Law of the Russian Federation of October 09, 1992 N 3615-1 "On currency regulation and currency control". For the first time, this Law formulated the fundamental principles and concepts related to its jurisdiction.
Almost a decade after the adoption of these acts, our country and its economy, including banking system, have undergone a lot Big changes which demanded further liberalization of currency legislation.
At present the main normative document currency legislation in the country is the federal law dated 10.12.2003 N 173-FZ "On currency regulation and currency control" (hereinafter - the Law). Since its entry into force, this Law has undergone a number of changes and additions and has been significantly updated as amended on 26.07.2006.
Currency control in accordance with the Law, it is an integral part of the currency regulation system and represents control by the Bank of Russia over currency transactions credit institutions and currency exchanges, and for currency transactions of other organizations - from federal bodies executive power and agents of currency control.
The Law refers to currency transactions all transactions with currency values both between residents and non-residents, and between residents, legal entities and individuals, import and export of currency values, their transfer, as well as other operations with them.
Let us consider those provisions of the legislation that relate to the foreign exchange transactions of individuals - residents.
Article 14 of the Law establishes the rights and obligations of residents in the implementation of foreign exchange transactions. According to this article, residents, including individuals, have the right to open bank accounts in authorized banks without restrictions ( bank deposits) in foreign currency. There are no restrictions on currency transactions between residents, including individuals, and authorized banks related to the deposit Money residents to bank accounts (deposits) and receiving funds from these accounts.
Note. In 2007, amendments were made to Federal Law No. 173-FZ of December 10, 2003, in particular, allowing foreign currency transfers between spouses or close relatives.
Currency transactions between residents, including individuals, and non-residents are carried out without restrictions, with the exception of currency transactions for which these restrictions are established by the Law (restrictions that may be introduced in the country in order to prevent crises in the monetary and financial sphere).
Currency transactions between residents, including individuals, are prohibited. However, there are exceptions which are given in the Law. It should be said that Instruction of the Bank of Russia dated June 15, 2004 N 117-I "On the procedure for residents and non-residents to submit documents and information to authorized banks when carrying out foreign exchange transactions, the procedure for accounting by authorized banks of foreign exchange transactions and issuing transaction passports" does not specifically regulate relations between individuals - residents and authorized banks in the field of operations with currency values, it applies only to legal entities and resident individuals who are entrepreneurs without forming a legal entity. Thus, the main legal act in the field of currency control, the Law remains to regulate transactions with currency values of resident individuals.
Below are the main types of operations with currency values of individuals - residents and the current restrictions of the currency legislation of the country.
The following are allowed types of transfers of individuals- residents in foreign currency in favor of residents:
- transfers from the Russian Federation in favor of other resident individuals to their accounts opened with banks located outside the territory of the Russian Federation, in amounts not exceeding within one business day through one authorized bank an amount equal to the equivalent of USD 5,000 official exchange rate established by the Bank of Russia as of the date of debiting funds from the account of a resident individual;
- transfers of a resident individual to the Russian Federation from accounts opened with banks located outside the territory of the Russian Federation in favor of other resident individuals to their accounts in authorized banks;
- transfers of resident individuals from their accounts opened with authorized banks in favor of other resident individuals who are their spouses or close relatives (relatives in direct ascending and descending lines: parents and children, grandfathers, grandmothers and grandchildren, full and half-blooded (having a common father and mother) brothers and sisters, (adoptive parents and adopted children), to the accounts of these persons opened in authorized banks or banks located outside the territory of the Russian Federation.
In the latter case, where the provisions of the Law do not contain any restrictions on the amount, in accordance with the Instruction of the Bank of Russia dated July 20, 2007 N 1868-U "On the submission by resident individuals to authorized banks of documents related to the conduct of certain currency transactions" to resident individuals it is necessary to provide authorized banks with documents (copies of documents) confirming that individuals are spouses or close relatives (in addition to a passport or an identity card, the list attached to this Instruction contains various kinds of certificates).
Settlements in the course of foreign exchange transactions are made by resident individuals through bank accounts in authorized banks. However, a number of exceptions are stipulated when transactions are allowed to be carried out directly with cash currency values, namely the following:
- transfer by a resident natural person of currency valuables as a gift to the state, a constituent entity of the Russian Federation and (or) a municipality;
- donation of currency values to a spouse and close relatives;
- bequest of currency values or their receipt by inheritance right;
- their acquisition and alienation by a resident individual for the purpose of collecting single banknotes and coins;
- transfer by an individual - resident from the Russian Federation and receipt in the Russian Federation by an individual - resident of the transfer without opening bank accounts;
- purchase from an authorized bank or sale to an authorized bank by a resident individual of cash foreign currency, exchange, replacement of banknotes of a foreign state (a group of foreign states), as well as acceptance of cash foreign currency for collection in banks outside the territory of the Russian Federation;
- settlements of individuals - residents in foreign currency in duty-free shops, as well as in the sale of goods and the provision of services to individuals - residents along the route of vehicles in international transportation;
- settlements carried out by resident individuals located outside the Russian Federation with transport companies under contracts for the carriage of passengers.
Resident individuals, when carrying out foreign exchange transactions, can make settlements through accounts opened in accordance with the Law in banks outside the territory of the Russian Federation, at the expense of funds credited to these accounts in accordance with the provisions of the Law (see below).
Without any restrictions, operations are carried out related to the sale and purchase by individuals of cash and non-cash foreign currency and checks (including traveller's checks), the nominal value of which is indicated in foreign currency, for the currency of the Russian Federation and foreign currency, as well as with the exchange, replacement of banknotes of one state (group of foreign states), acceptance for collection in banks outside the territory of the Russian Federation of cash foreign currency and checks (including traveller's checks), the nominal value of which is indicated in foreign currency, not for the purposes of carrying out business activities.
Article 12 of the Law refers to residents' accounts in banks located outside the territory of the Russian Federation, which they can open without any restrictions in banks in foreign countries that are members of the OECD or the Financial Action Task Force on Money Laundering (FATF).
Individuals - residents are required to notify tax authorities at the place of its registration on opening (closing) accounts (deposits) no later than one month from the date of conclusion (termination) of the agreement on opening an account (deposit) with a bank located outside the territory of the Russian Federation, in the form approved by the tax authorities (this provision is valid in relation to such accounts from 01.01.2007).
The form of notification about opening (closing), about changing the details of an account (deposit) in banks located outside the territory of the Russian Federation, and about the availability of accounts in banks outside the territory of the Russian Federation was approved by Order of the Federal Tax Service of Russia dated 10.08.2006 N SAE-3-09 / [email protected] Currently, some changes have been made to the existing forms, which will be put into effect before the end of this year.
Resident individuals have the right to transfer funds to their accounts (deposits) opened with banks outside the territory of the Russian Federation from their accounts (deposits) with authorized banks or from their accounts (deposits) opened with banks outside the territory of the Russian Federation. Transfers of funds by resident individuals to their accounts abroad from their accounts in authorized banks are carried out upon presentation to the authorized bank at the first transfer of a notification from the tax authority at the place of registration of the resident on opening an account (deposit) with a mark on the acceptance of the said notification, with the exception of operations required in accordance with the legislation of a foreign state and related to the conditions for opening these accounts (deposits). Resident individuals have the right to carry out currency transactions without restrictions that are not related to the transfer of property and the provision of services on the territory of the Russian Federation, using funds credited in accordance with the Law to accounts (deposits) opened with banks outside the territory of the Russian Federation.
It is important to note that resident individuals, unlike legal entities, are not required to submit to the tax authorities reports on the movement of funds on accounts (deposits) in banks outside the territory of the Russian Federation with supporting bank documents.
Resident individuals are required to submit to the tax authorities at the place of their registration only a report on the balances of funds on accounts (deposits) in banks outside the territory of the Russian Federation as of the beginning of each calendar year.
Paragraph 1 of Art. 15 of the Law reads: "and (or) the currency of the Russian Federation, as well as traveler's checks, external and (or) internal securities in documentary form carried out by residents and non-residents without restrictions subject to the requirements of the customs legislation of the Russian Federation.
In the case of a one-time import into the Russian Federation by a resident individual of cash foreign currency and (or) the currency of the Russian Federation, as well as traveller's checks, external and (or) internal securities in documentary form in an amount exceeding the equivalent of 10 thousand US dollars, imported cash foreign currency and (or) the currency of the Russian Federation, as well as other currency values listed above, are subject to declaration to the customs authority by submitting a written customs declaration for the entire amount of imported foreign currency and (or) the specified currency values in documentary form.
Individuals - residents have the right to export from the Russian Federation foreign currency, the currency of the Russian Federation, traveler's checks, external and (or) internal securities in documentary form, previously imported or transferred to the Russian Federation, subject to the requirements of the customs legislation of the Russian Federation within the limits specified in the customs declaration or other document confirming their import or transfer to the Russian Federation.
Resident individuals have the right to simultaneously export from the Russian Federation cash foreign currency and (or) the currency of the Russian Federation in an amount equal to the equivalent of 10 thousand US dollars or not exceeding this amount. At the same time, it is not required to submit to the customs authority documents confirming that the exported cash foreign currency and (or) the currency of the Russian Federation was previously imported or transferred to the Russian Federation. In the event of a one-time export from the Russian Federation by a resident individual of cash foreign currency and (or) the currency of the Russian Federation in an amount equal to the equivalent of 3 thousand US dollars or not exceeding this amount, the exported cash foreign currency and (or) the currency of the Russian Federation does not are subject to declaration to the customs authority. The export of an amount exceeding this threshold always requires a declaration to the customs authority.
A one-time export from the Russian Federation by a resident individual of cash foreign currency and (or) the currency of the Russian Federation in an amount exceeding the equivalent of 10 thousand US dollars is not allowed, unless the import in such an amount was previously declared in the prescribed manner .
In the event of a one-time export from the Russian Federation by a resident individual of traveler's checks in an amount exceeding the equivalent of 10 thousand US dollars, the exported traveler's checks must be declared to the customs authority by submitting a written customs declaration.
conclusions . Summing up, it should be said that at present in our country currency control behind the operations of individuals - residents is quite liberal. Some remaining restrictions, such as, for example, setting a limit on the amount of currency that must be declared when exporting outside the country, limiting the amount of transfer, are temporary and, it seems, will be revised towards easing in the foreseeable future, and then completely canceled. This is driven by the desire to national currency- the ruble - a fully convertible currency, and turn Moscow into one of the world's leading financial centers.
A resident individual has the right to transfer the currency of the Russian Federation:
No restrictions (except for transfers to a non-resident);
from the Russian Federation in an amount not exceeding the equivalent of 5,000 US dollars, determined using the official exchange rates of foreign currencies against the ruble established by the Bank of Russia on the date of the instruction to the bank to make the said transfer. total amount transfers within one day should not exceed the specified amount.
Resident - only to an account in an authorized bank;
Non-resident - no restrictions.
From the Russian Federation - no restrictions.
A resident individual has the right to transfer foreign currency:
Within the Russian Federation
Residents and/or non-residents only in the order of donating currency values to a spouse and close relatives (at the same time, in without fail documents confirming that individuals are spouses or close relatives are submitted to the bank);
To your own account opened on the territory of the Russian Federation - without restrictions.
From the Russian Federation
In favor of a resident or non-resident (including to one’s own account, an account of another resident or non-resident opened with a bank outside the Russian Federation) for an amount not exceeding the equivalent of 5,000 US dollars, determined using the official exchange rates of foreign currencies against the ruble established by the Bank Russia on the date of the instruction to the bank to make the said transfer. The total amount of transfers within one day should not exceed the specified amount.
1. only to an account in an authorized bank;non-residents - no restrictions. from the Russian Federation - no restrictions.2. in the absence of a beneficiary's account opened with an authorized bank - only as a gift of currency values to a spouse and close relatives (at the same time, documents confirming that individuals are spouses or close relatives must be submitted to the bank);
The transfer of funds of an individual is carried out on the basis of an application in the established form.
Whatever one may say, but the export of cash for consumer needs — best option in terms of possible transaction costs. After all, the greater the amount that is carried out through banks or transfer systems, the greater the loss.
Publicly, bankers advise taking money out on a payment card, but in informal conversations they do not exclude possible problems. For example, it may happen that your card is swallowed by a foreign ATM and you have to spend a lot of time, nerves and money in a foreign country to return the money. Even if you have passed such a fate, you will still have to pay a commission for withdrawing cash from an ATM foreign bank up to 3% of the amount.
If you decide to take travelers checks, cashing them will cost 1.5% of the amount.
Money transfers are also expensive, especially if the currency is sent regularly.
All these negative aspects provoke the emergence of alternative ways to export money..
According to NBU Resolution No. 3 dated January 2, 2019, since February 2019, individuals, regardless of resident/non-resident status, are required to declare currency and bank metals at the border upon entry and exit, which in total exceed the equivalent of 10 thousand euros (the amount includes transported cash and bank metals). Recalculation of amounts cash currency and the cost of bank metals in euros for crossing the border is carried out at the official hryvnia to euro exchange rate established by the NBU, or at a cross rate determined according to the official rate of the National Bank of the hryvnia to the corresponding foreign currencies and bank metals on the day of import, export or transfer of cash currency, bank metals.
Illegally, truck drivers take out money across the border. Often they are simply hidden in the lining of vehicles or other secret places on a bus or truck. This method of exporting currency is quite risky, since in the event of a search, there is a high probability of losing money.
Drivers have come up with a more reasonable scheme - they distribute funds to all passengers of the bus within the limits of the amounts allowed for transportation per person (up to 10 thousand euros). But even in this case, it is unlikely that the risk will be completely eliminated. There were situations when a passenger simply accepted money in Ukraine, and after crossing the border “forgot” to return it. According to eyewitnesses, it even came to strip searches.
In any case, when traveling outside the country, you must be sure of your legal rights, as customs officers may be tempted to support corruption. There are always a lot of formal reasons for a delay at the border, especially if it passes at night, and passengers are in a hurry. For example, you may not be recognized in the passport photo, selectively check your luggage, and so on.
In addition, customs officers are often rude to tourists, considering themselves to be guardians of the law, and all those leaving as potential violators. Petty niggles lead to the fact that tourists agree to small bribes, realizing that time is more expensive, and standing in line at customs, they may lose their ticket if they are dropped off "until the circumstances are clarified."
Pregnant National Bank, which customs officers are guided by, says that the border can be crossed with the amount of currency equivalent to 10 thousand euros when declaring it orally. In fact, this means that you, on your own initiative, must inform the customs inspector that you are transporting, say, $8,000.
According to the legislation, today, with mandatory declaration, it is possible to export and import into Ukraine amounts over 10 thousand euros.
The attitude to declaration depends on the purpose of using the funds. Therefore, if you plan to legalize these funds abroad (for example, opening a bank account), you will need a document confirming the origin of the money.
Such a document is usually a bank statement or a copy of the customs declaration.
Export method - Cost of the service, % of the amount
Bank transfer - 3%
Payment card - 2-3%
Traveler's checks - 1.5-2%
Cash Free
Truck drivers Negotiated
Operations with currency in our country are still limited by law. Possible transfer methods depend on the purpose for which you transfer currency abroad, as well as the amount of the transfer itself.
Thus, according to the Law of Ukraine "On Currency and Foreign Exchange Operations", from February -2019, without opening an account and without supporting documents, only amounts up to UAH 150,000 in equivalent per year can be transferred abroad.
If the amount to be transferred is large, you will need to get an e-license from the NBU. When applying for an e-license, the client provides his servicing bank with documents confirming the purpose of transferring funds abroad, the compliance of the volume of the operation with his financial condition and sources of origin of funds (assets). Thus, up to 50 thousand US dollars (in equivalent) can be transferred abroad.
The transfer can be made both with the help of an account opened in the bank, and without it (using the systems of international money transfers- Western Union, Money Gram, etc.). Transfer through an account is more labor-intensive - after all, you will have to apply for opening an account, sign an agreement, etc. However, this method will cost the sender less than the service of international money transfers.
If you need to transfer money abroad in order to subsequently use these funds there, then banks will be happy to offer you simpler and convenient ways making such a transfer. So, for example, you can open a card account in a bank, credit it with the amount you need, and then withdraw it abroad. In this case, there are no restrictions on the export of currency abroad.
In his Everyday life Citizens often face the need to transfer money abroad. Parents send funds to their children studying at universities in other countries, and those who arrived in the country to work send money to their relatives. However, not all citizens are aware of how to carry out this operation quickly, conveniently, and most importantly - with a minimum commission.
Send money to an individual through the bank there are two ways: through opening a bank account and without carrying out this operation. Each of the methods has its own advantages and disadvantages, so it makes sense to dwell on each of them in more detail.
This method is relevant for those citizens who are constantly involved in the process of money transfers. This approach is also convenient for those who wish to make a one-time, but rather large transfer of funds. To perform this kind of operation, you need to perform the following steps:
Most often, the registration of an account for an individual is carried out Russian banks free or for a small fee. The account has an indefinite nature of action, however, if no transactions are made on it within 1 year, it is blocked.
In order to transfer funds from an account to an account of an individual located abroad, you will need to go to any branch of the servicing bank and fill out a document for transferring funds. It will need to indicate:
Many citizens mistakenly believe that when transferring money from account to account, the bank will notify the tax service about the operation, and the recipient will have to wait for the permission of the Federal Tax Service or pay a fee for the transfer. In real financial institutions disclose information about the accounts of their clients only at the request of law enforcement agencies.
Among the advantages of transferring funds abroad to an individual's account are the following aspects:
If a citizen needs to send a small amount of funds at a time, then it is best to use one of the money transfer systems. You can send money abroad through Unistream, Anelik, Western Union, Contact, which are special mechanisms supervised by financial corporations. The latter enter into agreements with banks from different countries, which act as intermediaries in the transfer of funds.
When choosing a suitable system for transferring money abroad, you should pay attention to two things:
All existing methods function in the same way, and, therefore, it makes no sense to pay more.
To transfer funds to an individual abroad, you should go to any bank that works with the selected system, with a passport and fill out an application for transferring funds, indicating your full name. recipient, country, city of residence and amount of funds. The bank gives the sender a unique code, which he must give to the recipient. It is on him that the latter will be able to take the money.
Transferring funds to a citizen without opening an account will cost more, but it is carried out instantly and is processed in a simpler way.
Despite the fact that banks keep the details of money transfers secret, the movement of amounts exceeding 600,000 rubles is monitored by the financial monitoring service. This is done with only one purpose: to stop money laundering abroad and other fraudulent transactions. This issue is discussed in detail in FZ-115. Most often, the sender will be forced to fill out a special document revealing the origin of this impressive amount of money.
The transfers themselves are regulated by Federal Law-161, which discloses:
In the Instruction of the Central Bank of the Russian Federation, regarding foreign transfers of individuals No. 1412, it is determined that the maximum transfer amount should not exceed $ 5,000 within one day.
Even knowing all the intricacies of sending money abroad, in order not to get into a difficult situation and not incur extra costs for paying commissions, it makes sense to take into account the following recommendations:
Thus, the transfer of funds abroad to an individual can be carried out through special systems or through bank accounts. At the same time, both in the first and in the second case, there are no permissions to perform operations from tax service should not be taken. The choice of method of transferring funds, in fact, is determined only by the amount transferred and the cost of the operation.
