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Isn't it lucky that I live in China and am very familiar with...

  1. 505 Posts.
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    Isn't it lucky that I live in China and am very familiar with local laws and regulations around this as I have a company here that I move money from and to Australia.

    You're making up a load of just ... well crap.

    China is Australia's largest trading partner, they have A LOT of transactions going between them. Companies in China only need to apply for a waiver with the bank to prove they have overseas contracts and deals and they are allowed to transfer funds out of the country with no major restriction. Of course there is an anti-money laundering policy which sometimes may restrict the size of the transaction (Alarm bells are only raised if a company worth $200m tries to transfer like $100m in one go).

    This is even easier for Tinjoy as they work closely with the government in multiple provinces, and have government members on their board - so this is a complete non-issue.
    Last edited by Day424: 25/08/21
 
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