large principle money transfer - apac

Large Principle Money Transfer - APAC

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Large Principal Money Transfers

(NEW) Send transactions of more than US$7500 per transaction or equivalent to Arizona, California, New Mexico or Texas in the US*

(EXISTING) Send transactions of more than US$15000 per transaction or equivalent to the rest of the world*

* Note: Other Send & Payout Restrictions may apply in different countries.

Starting from 20 June 2013, LPMT will apply to:


What will you See?

“LPMT REQUIRED” System Alert Message

Note: H2H system will show system alert message at a later date.


What will you do?

1. Inform customer to complete the LPMT Form and provide Supporting Documents

2. Verify completeness of LPMT Form and Supporting Documents

3. Input Sending Agent Information on LPMT Form

4. Forward Completed TSMF, LPMT Form and Supporting Documents to DA5 Compliance Department


Fill up by Agent

Fill up by Customer

LARGE PRINCIPAL MONEY TRANSFER FORM Sending Agent Information: Country: Network Agent:

Agent Account Number: Operator name & ID:

E-mail address: Phone #:

Transaction Information: Send Amount: Local currency: U.S. Dollars:

Destination City, State and /or Country:

Expected Payout Date:

Source of the funds

Purpose of the transfer (Briefly explain purpose)

PRIVATE

BUSINESS

Is the sender aware of the charges & F/X rates; and agree to them?

Did you check the country restriction on the F2 zoom?

Relationship between sender and receiver:

Sender Information: Sender’s name: First: Last:

Address:

Telephone number:

Date of birth: Place of birth:

Sender’s Type of ID: Sender’s ID number:

Issue Date: Expiration date:

Occupation:

How many Transfers have you sent by Western Union in the past three months?

Payee Information: Receiver’s Name:

ID Type: ID number:

Payee’s Telephone number:

Nationality: Payee’s street address:

THIRD PARTY DETAILS Is the transaction being conducted on behalf of a third party? If Yes, complete the information below.

First/Last/or Business Name: ID number:

Address: Phone #:

Date of Birth: Country of Birth:

ID Type: ID number:

Occupation: EIN/Tax or Charity license number (for business):

FOR WESTERN UNION USE ONLY MONEY TRANSFER CONTROL NUMBERS Principal: _________ Fee: _________ MTCN: _________ Principal: _________ Fee: _________ MTCN: _________ Principal: _________ Fee: _________ MTCN: _________ Principal: _________ Fee: _________ MTCN: _________ Total Principal:_____ Total Fee: ________ Total Principal & Fee: _____ IROC Specialist: Approved by: Title: Date:

Declined by: Title: Date:

Email this form to: [email protected]

For immediate assistance, you may call or fax customer service center using the dedicated Western Union number in your region.


Step 1: Getting the Facts

About the TRANSACTION • How much is the transaction?

• What is the Destination City, State & Country?

• What is the Source of Funds?

• What is the Purpose of Transaction?

• Is transaction personal or business?

• Are there any Paying Country restrictions – F2Zoom ?

• Relationship of Sender and Receiver?

• Does this transaction make sense?

LPMT Procedures


Continue Step 1: Getting the Facts

About the SENDER

Do you have the Sender’s full name, ID and other basic KYC information?

Number of Western Union money transfers in the past 3 months performed by the Sender?

Is the Sender exhibiting any unusual behavior?

LPMT Procedures



About the RECEIVER

Do you have the Receiver’s full name?

Do you have the Receiver’s ID information?

Do you have the Receiver’s Telephone Number?

Payee Street Address?

LPMT Procedures



About the THIRD-PARTY DETAILS

Third-party Originator/Beneficiary Name or Business Name?

Third-party Originator/Beneficiary ID and other basic KYC information?

Third-party Business information?

LPMT Procedures


Step 2: Getting Supporting Documents

While verifying the supporting documents :- Does it look official?

Does it have a letterhead?

Does the price of the purchase appear reasonable?

Is all the relevant information included?

LPMT Procedures


Step 3: Completing the LPMT Form

TRANSACTION, SENDER and PAYEE INFORMATION, as well as THIRD-PARTY DETAILS sections must be completed by the customer

SENDING AGENT INFORMATION section must be completed by the Sending Agent

LPMT Procedures


DA5 CSC

Step 4: Submit the LPMT application

1.Email to [email protected] or

2.Fax to 02- 8994575

3.Call DA5 Customer service if you have any inquiries


PURPOSE TYPES OF ACCEPTABLE SUPPORTING DOCUMENTS

Medical expenses Recent letter from hospital or doctor in country of receipt which shows the name of the sender or recipient and showing the payment dueOR

Recent medical bills from a hospital or doctor in the country of receipt which show the name of the sender or recipient and the payment due

Purchase of goods or services

Recent quotation, purchase order or invoice on seller’s letterhead and showing the recipient’s name

Transaction Purpose Example



Purchase of Real Estate

Copy or extract from recent Contract of Sale/Option showing the sender’s and recipient’s names and address of the property in the country of receipt

OR

Recent lawyer’s letter evidencing the proposed purchase of real estate showing the sender’s and recipient’s names and address of the property in the country of receipt

OR

Any recent official document showing the sender’s and recipient’s names and the address of the property in the country of receipt




Payment of travel expenditure

Recent quotation or invoice for air/ship ticket showing name of recipient

OR

Copy of recent air/ship ticket showing the name of the recipient

OR

Copy of recent itinerary showing the name of the recipient and the commencement of the trip from the country of receipt

Monies to support family expenses

Copy of any document which shows the familial relationship between the sender and the recipient (e.g. birth certificate)

Note: If a bill or invoice can be shown of family expenses to be paid which is consistent with the amount of money to be sent, that would expedite the clearance of the LPMT



LPMT Supporting Documents

Examples of GOOD supporting documents:

1.Documents (such as letters, contracts, invoices, receipts, etc.) that bear official letterhead of issuer.

2.Documents that have a signature, company stamp or is electronically produced (non-editable).

3.Documents that bear description or itemized contents of services or goods.

4.Documents that bear Sender or Receiver names and or ID information.


LPMT Supporting Documents

Examples of GOOD supporting documents:

5.Copy of Receiver ID, Third Party ID or Business License.

6.Proof of Source of Funds – Bank or Salary Statements, Sale of Property, etc.


If your LPMT is DECLINED:

x DO NOT SPLIT the transaction

x DO NOT SEND a transaction for a LOWER AMOUNT

LPMT Controls

large principle money transfer - apac

Documents

western union holdings

dedicated western union

transaction information

senders id number

date of birth

id type

total principal fee

agent account number