"Miguel Cruz" wrote in message
news:usenet-BEB102.22433907012006@localhost...
> "chayco" wrote:
> > Traveller's checks are the best way to move money around in your pocket
and
> > the easiest to both redeem in the country that you are visiting as well
as
> > to return home with. Many countries have currency restrictions and it
may be
> > problematic to remove a local currency when you want to leave, so
travellers
> > checks are your best option. Certified checks in Asia are not regarded
as
> > proof of funds as in N.A. or Europe. If you are moving money that you
don't
> > feel the urge to declare (over the 10,000 USD limit) it would probably
be
> > best to head to Singapore first and open a bank account .
>
> It would be foolish not to report it. In any case your electronic
> transactions are logged, so this is not a way around the $10K reporting
> limit.
>
> miguel
In most situtions, sure, but in others it is not.
A non U.S. citizen (or U.S. citizen),who does business in Myanmar, runs the
risk of the U.S. seizing money being transferred enroute through any foreign
bank that also does business with the U.S. banking system.
I did not suggest transferring funds electronically, but once the funds were
physically on deposit in Singapore, a debit/bank card can be used to access
those funds as needed anywhere in the world...and in the case of one
substantial Singapore bank, free from U.S. political intervention .
...Ken
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