Moving money from LOS to UK

[driv]

Anyone know the rules re moving cash from LOS to UK.
I know it's restricted but what amount?

In the past (the big Tiger crash ) I had to prove that the money originated from outside Thailand.

I'm not able to do that this time so I'm stuck.

Any ideas?
driv.

[Mac]

The Thai banking laws are very strange and do seem to vary from bank to bank as well just to keep it interesting. Strictly the currency regulations are as follows:

Outward Transfers
Required Documents

Supporting documents indicating purpose of transfer.
If currency amount > US$ 10,000 or equivalent and for non-merchandise:
Thor Tor 4 Kor (ข) form for Non-resident customers or,
Thor Tor 4 Gor (ก) for resident customers is also required.
Money Laundering Report Form (You must include your Tax ID or other identification)
Cash transactions > Bt 2,000,000 require a PorPor Ngor. 1-01 form
Asset transactions (ex: telex transfer) > Bt. 5,000,000 require PorPorNgor 1-02 form

Now the word non-merchandise interests me.

Best of luck

Mac

[Nicke]

Add PLUS or VISA Electron to you Thailand ATM card and withdraw money in UK. There is a daily/weekly limit I guess but you can transfer over a longer period of time.

But you can always try with your bank first, and if problem use the method above. I heard one time a friend had to show an invoice of the amount of money he wanted transferred. In other cases no problems at all but you may fill out a paper what the purpose it and sign.

[driv]

Thanks for the feedback guys.

Mac - I wonder how mauch trouble I'd get into if I filled out all those forms

I like the card idea Nicke (a lot!) but I have to shift a couple of million - and I suspect that would be picked up!

I have a third option - re - "e-commerce" [rest of description deleted due to possible government interest]

Thanks again - if anyone else has any other ideas - it'd be great to hear from you.

[Nicke]

Withdraw cash and travel back to UK with the money in your hand baggage.

I once had 2,5 million in a backpack, and the bank withdraw it without problem which surprised me. In Sweden I need to notify the bank before larger amounts are withdrawn in cash.

[driv]

Well.... I thought about it.
But, what's the penalty if you get caught?
Don't really want it confiscated

[Bafana]

Originally Posted by driv

Well.... I thought about it.
But, what's the penalty if you get caught?
Don't really want it confiscated

Most countries impose a percentage fine of the extra over limit - This is what Indonesia does (I believe 25% flat rate). I suppose if it is an outrageous amount they will arrest and charge you.

If you really want to transfer large sums of foriegn currnecy your best bet is to go down to your bank or your solicitor - Pay their cut and do it by the book.

[eddie eagle]

I had this problem in Mocambique and Kenya....local business generated cash which we wanted to remit back to Europe.... in the end did two things ... firstly converted into UK Pounds on the local balck market and just carried a good wadge out when we left the country .... thankfully it wasn't a problem with the xray machine......the other was we looked for someone in country who needed local cash and did a deal where he deposited money in our offshore account and we gave him the local cash.... don't know if this would work in Thailand because of the banking controls and the need to demonstrate you have brought money into the country.... could always try the chinese they usually have a way to do it, xrate might not be so good.

[norrie]

go on a crash diet for a while,,then buy the biggest money belt(s) you can find,,youve got a far better chance of not being stopped,,the baggage x ray machine,,would surely show something,,?