All being equal, for an internation payment, do the accounts in the same currency trigger less amount of scrutiny rather than in different ones, with auto-conversion?
* USD (for instance) -> SWIFT -> USD account
* USD (for instance) -> SWIFT -> Local currency one
virgen_del_rosario said:All being equal, for an internation payment, do the accounts in the same currency trigger less amount of scrutiny rather than in different ones, with auto-conversion?
* USD (for instance) -> SWIFT -> USD account
* USD (for instance) -> SWIFT -> Local currency one
It doesn’t make any difference
Is a USD transfer generally subject to a higher scrutiny, though, than, let's say, EUR or GBP?
virgen_del_rosario said:Is a USD transfer generally subject to a higher scrutiny, though, than, let's say, EUR or GBP?
Scrutiny is at bank level. Sometimes banks pay more attention to USD transfers because they don’t want to risk their SWIFT membership.
virgen_del_rosario said:Is a USD transfer generally subject to a higher scrutiny, though, than, let's say, EUR or GBP?
Case by case because of correspondent relationships. At EU or UK EMIs you will definitely have the least trouble with EUR SEPA because they will have an API rail like Centrolink, Embank, Latvijas banka...
Offshore banks will probably find USD easier than EUR or GBP, however it also depends on the specific context because some (Jeton Bank for example) are actually running on EU EMIs.
virgen_del_rosario said:All being equal, for an internation payment, do the accounts in the same currency trigger less amount of scrutiny rather than in different ones, with auto-conversion?
* USD (for instance) -> SWIFT -> USD account
* USD (for instance) -> SWIFT -> Local currency one
At some PSPs/money exchangers it might be preferable to use local rails for the destination because they can avoid SWIFT then. With banks, I think the opposite applies
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