For international wires, compliance with regulations like AML may necessitate additional forms or documentation, particularly for transactions exceeding certain thresholds. Bank Secrecy Act, financial institutions must report wire transfers over $10,000 to the Financial Crimes Enforcement Network (FinCEN). This thorough documentation ensures transparency while requiring meticulous record-keeping by both senders and financial institutions. There are Read more about EFT or a bank wire Fund transfers, fees, and eligibility[…]