[TFortunes]

Hi,
does anyone have any experience or advice where in HK it would be possible to change really large sums of cash USD for cash EUR? How the banks react if we deposit large amounts of USD to our corporate account and then withdraw most of it as EUR?

[Boris]

You know the answer to this already don't you.

You have a corporate account so you must be away of corporate law and responsibility. Begs the question why you would ask this here rather than pick up the phone and speak to you banks business manger.

[KnowItAll]

They don't care .. the treasury ops of most companies do these sort of transactions on a daily basis.

Larger sum transfers should be done on negotiated rates from what I've been told.

[Boris]

I would agree with what you say KIA - but for the fact he specifically asks about cash ( nod nod wink wink ).

No problem if done through the banks legit and you can show the input trail back from the source. But anyone in the legit corporate world would understand that, nes pa?

The sorts of business that deal in legit large volume cash ( from one sole source ) are very few and should have already sat down with the bank about it to, at least, save on the input transaction fees.
Just seems odd to ask that here. I do have a friend that ........................, say no more !

[KnowItAll]

Should not be a problem, as long as its pre-negotiated.

Dodgy or not, banks love clients with big money and there is always a banker somewhere that will bend over in the appropriate direction to accommodate.

And if the banks don't .. there is aways a dodgy money changer.

If such people did not exist .. then there would be little need for laywers, law enforcement ....

(But yes, I did not get as cynical I should have about the "large" sums of "cash"... just assumed cash meant money and not actual dollar / euro notes)

[freeier]

these days banks still love client with big money, but the prove that those are aftertax money is getting more and more important.

think one of the big european name just got into trouble laundering money for some japan illegal groups.

[TFortunes]

Thanks for your advice. Yes, I'm talking about cash, dollar notes, and this has nothing to do with money laundering. I've just recently completed company formation in HK and don't know how the banks react to this sort of things, that's the reason for asking. I would prefer dealing with my bank to get the best exchange rate, but if it's too difficult, then I need to find another source to complete the deal.

If there's anyone with solid advice and contacts, please PM me and You'll be rewarded.