My local Sierra Leonian company has an account with UBA bank. I've noticed that for dollar transfers they use Citibank NY as an intermediary. I know that a former colleague had problems transferring money this way as Sierra Leone was/is regarded as high risk and even transfers of $10,000 were investigated and sometimes refused. (this was using Ecobank). I need to transfer reasonably large amounts to Sierra Leone in payment for gold and am wondering the safest/quickest/guarenteed (non US intercept) way of doing this from either a Dominican Republic or Swiss account.
Sierra Leone + Gold + Dollars + DR/Swiss = eek¤%& for a bank
All the above elements are high risk for UBA. Even though UBA is one of the only Nigeria banks to have a banking license in US and enjoy a good dollar relationship with US banks it maybe an issue for them in my experience and they will ask questions.
Does your Sierra Leone company have the UBA account in Sierra Leone? You can try opening with UBA Bank in US an account for the company otherwise and send money to US. They respond very quickly to emails.
UBA are in New York, but won't I run into the same kind of problem with US regulators?
To be honest they may not even open you an account because of your activity but you must ask. I would also try opening a business account with Azimo or similiar and sending the dollars via them. However I am not hopeful.
To be honest they may not even open you an account because of your activity but you must ask. I would also try opening a business account with Azimo or similiar and sending the dollars via them. However I am not hopeful.
Max single transfer is 250,000 GBP (or equivalent) for business account transfers. You just need to see if your activity is permitted.
most of these companies, their websites are sparse of information. Checked a few out earlier and couldn't see a list of prohibited activities. I'll go through every page on this one
