Quote:
Originally Posted by sa101666
The reason the money is always frozen is because the cb remittance company wants to earn more money and they don't actually send the SGD into China via proper channels. What they do is to seek out partners in China who wanna get their RMB in China out and then do an undertable swap. The RMB the remittance company gets via swaps is usually dirty money and that results in a bank account freeze when their customers get sent dirty money.
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Ya that usually the reasons why some WLs left singapore after few months here as money frozen. They unable to open bank account and no employment letter, not sure how they gonna explain
Should allow them to open bank account so can personally remit over.