is wire transfer safe for seller?

[Dale Hubbard]

Export of funds from USA by any instrument (cash, cashier's check, wire, whatever) is all reported if it exceeds $10,000.

 

[Steen]

Export of funds from USA by any instrument (cash, cashier's check, wire, whatever) is all reported if it exceeds $10,000.

How interesting. Has anyone actually been questioned about such a transfer?

 

[Dale Hubbard]

How interesting. Has anyone actually been questioned about such a transfer?

When I last lived there I did foreign wires over $10k and had to make a declaration of some sort. Also, at that time I was regularly taking cash out of the country to Malaysia. I had to report it to customs or risk it all being confiscated. I'm pretty sure that any known export of USD over $10k is tagged and reported; you don't necessarily get questioned. Maybe it's all changed -- that was in 1990.