1. Large Principle Money Transfer - APAC

2. Large Principal Money Transfers
Starting from 20 June 2013, LPMT will apply to:
(NEW) Send transactions of more than US$7500 per transaction or equivalent to Arizona, California, New Mexico or Texas in the US*
(EXISTING) Send transactions of more than US$15000 per transaction or equivalent to the rest of the world*
* Note: Other Send & Payout Restrictions may apply in different countries.

3. What will you See? “LPMT REQUIRED” System Alert Message
Note: H2H system will show system alert message at a later date.

4. What will you do?
Inform customer to complete the LPMT Form and provide Supporting Documents
Verify completeness of LPMT Form and Supporting Documents
Input Sending Agent Information on LPMT Form
Forward Completed TSMF, LPMT Form and Supporting Documents to DA5 Compliance Department

5. Fill up by Agent
Fill up by Customer

6. LPMT Procedures Step 1: Getting the Facts About the TRANSACTION
How much is the transaction?
What is the Destination City, State & Country?
What is the Source of Funds?
What is the Purpose of Transaction?
Is transaction personal or business?
Are there any Paying Country restrictions – F2Zoom ?
Relationship of Sender and Receiver?
Does this transaction make sense?

7. LPMT Procedures Continue Step 1: Getting the Facts About the SENDER
Do you have the Sender’s full name, ID and other basic KYC information?
Number of Western Union money transfers in the past 3 months performed by the Sender?
Is the Sender exhibiting any unusual behavior?

8. LPMT Procedures Continue Step 1: Getting the Facts About the RECEIVER
Do you have the Receiver’s full name?
Do you have the Receiver’s ID information?
Do you have the Receiver’s Telephone Number?
Payee Street Address?

9. LPMT Procedures Continue Step 1: Getting the Facts
About the THIRD-PARTY DETAILS
Third-party Originator/Beneficiary Name or Business Name?
Third-party Originator/Beneficiary ID and other basic KYC information?
Third-party Business information?

10. LPMT Procedures Step 2: Getting Supporting Documents
While verifying the supporting documents :-
Does it look official?
Does it have a letterhead?
Does the price of the purchase appear reasonable?
Is all the relevant information included?

11. LPMT Procedures Step 3: Completing the LPMT Form
TRANSACTION, SENDER and PAYEE INFORMATION, as well as THIRD-PARTY DETAILS sections must be completed by the customer
SENDING AGENT INFORMATION section must be completed by the Sending Agent

12. DA5 CSC Step 4: Submit the LPMT application
to or
Fax to
Call DA5 Customer service if you have any inquiries

13. Transaction Purpose Example
TYPES OF ACCEPTABLE SUPPORTING DOCUMENTS
Medical expenses
Recent letter from hospital or doctor in country of receipt which shows the name of the sender or recipient and showing the payment due OR
Recent medical bills from a hospital or doctor in the country of receipt which show the name of the sender or recipient and the payment due
Purchase of goods or services
Recent quotation, purchase order or invoice on seller’s letterhead and showing the recipient’s name

14. Transaction Purpose Example
TYPES OF ACCEPTABLE SUPPORTING DOCUMENTS
Purchase of Real Estate
Copy or extract from recent Contract of Sale/Option showing the sender’s and recipient’s names and address of the property in the country of receipt OR
Recent lawyer’s letter evidencing the proposed purchase of real estate showing the sender’s and recipient’s names and address of the property in the country of receipt
Any recent official document showing the sender’s and recipient’s names and the address of the property in the country of receipt

15. Transaction Purpose Example
TYPES OF ACCEPTABLE SUPPORTING DOCUMENTS
Payment of travel expenditure
Recent quotation or invoice for air/ship ticket showing name of recipient OR
Copy of recent air/ship ticket showing the name of the recipient
Copy of recent itinerary showing the name of the recipient and the commencement of the trip from the country of receipt
Monies to support family expenses
Copy of any document which shows the familial relationship between the sender and the recipient (e.g. birth certificate)
Note: If a bill or invoice can be shown of family expenses to be paid which is consistent with the amount of money to be sent, that would expedite the clearance of the LPMT

16. LPMT Supporting Documents
Examples of GOOD supporting documents:
Documents (such as letters, contracts, invoices, receipts, etc.) that bear official letterhead of issuer.
Documents that have a signature, company stamp or is electronically produced (non-editable).
Documents that bear description or itemized contents of services or goods.
Documents that bear Sender or Receiver names and or ID information.

17. LPMT Supporting Documents
Examples of GOOD supporting documents:
Copy of Receiver ID, Third Party ID or Business License.
Proof of Source of Funds – Bank or Salary Statements, Sale of Property, etc.

18. LPMT Controls If your LPMT is DECLINED: DO NOT SPLIT the transaction
DO NOT SEND a transaction for a LOWER AMOUNT