QUOTE(Dendroid_King @ May 6 2016, 01:26 PM)
That is the problem I never think off when my boss transferred the money to me.
My boss went back overseas and put me in charge of all payment settlement as I am his accounting staff. So he just use his internet banking and transferred the money into my account. So while he is in overseas, I have to make all the payment on behalf including worker wages from my savings account.
As he is in overseas for a long time, he would not be able to sign any cheque and pass it to me. Hence the burden fall to me as he prefer to be in overseas.
I did tabulate the spreadsheet to monitor the movement of the cash flow in case there is any doubts as money is a pretty sensitive thing.
But sigh.....I doubt the bank will agree to give me a chance to explain. And I am not sure whether I am going to be blacklisted.
Thanks anyway.
Yes, it does appear that you were flagged as a possible money launderer.
There's some good news though - not likely that you're on any widely available sanction list, most likely just in that particular bank's only.
If the bank filed an STR (suspicious transaction report) to MAS, you might (very remote though i believe) that MAS might come and ask you to minum kopi. But don't sweat it lah. I think.
SG has a thriving financial industry, so they memang a tad anal when it comes to these sort of thing - they gotta show that they are serious about regulations yada yada, competitive advantage mah. Scared HK will overtake them.
This post has been edited by madmoz: May 6 2016, 04:40 PM