Currently, due to Myanmar’s special circumstances, it is not easy to send money from overseas.
We have confirmed that there are those who exploit this situation and offer
・infamous brokers who offer underground remittances (illegal remittances)
・false explanations that justify the remittance route
.
Common dangerous lures
They say, “It’s a legal route, so it’s safe.”
・“There is no money transfer history, so it’s safe.”
・”We have a special connection with the local government.
Such explanations actually constitute an underground remittance (illegal remittance), and the
trader himself/herself bears a serious risk.
Risks associated with underground remittances
Risk of being accused of violating the Anti-Money Laundering Act or the Foreign Exchange and Foreign Trade Act
・ Risk of funds disappearing or being misused at the destination
・ Serious impact on the credit and business activities of the counterparty and the person in question
Once involved in an illegal transaction, the fact cannot be erased and may cause significant disadvantages in the future.
Appropriate remittance and fund transfer
Transferring funds to Myanmar is not easy, but it should be done legally and safely through
・Hand-carry (bring in cash) if necessary
・Regulated channels with proper documentation, declaration, and local customs clearance
Finally
Do not simply believe what you are told, even if you are told that “it is easy” or “there is nothing to worry about.
If you have any concerns or doubts, please refrain from transactions and consult with us or our experts.
We will support sound and safe fund transfers with sincerity.