Large Principle Money Transfer - APAC
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.
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What will you See?
 “LPMT REQUIRED” System Alert Message
Note: H2H system will show system alert message at a later date.
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What will you do?
1.
Inform customer to complete the LPMT Form and
provide Supporting Documents
2.
Verify completeness of LPMT Form and Supporting
Documents
3.
Input Sending Agent Information on LPMT Form
4.
Forward Completed TSMF, LPMT Form and
Supporting Documents to DA5 Compliance
Department
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LARGE PRINCIPAL MONEY TRANSFER FORM
Sending Agent Information:
Country:
Network Agent:
Agent Account Number:
Operator name & ID:
E-mail address:
Phone #:
Transaction Information:
Send Amount:
Local currency:
U.S. Dollars:
Destination City, State and /or Country:
Fill up by Agent
Expected Payout Date:
Source of the funds
Purpose of the transfer (Briefly explain purpose)
PRIVATE
BUSINESS
Is the sender aware of the charges & F/X rates; and agree to them?
Did you check the country restriction on the F2 zoom?
Fill up by Customer
Relationship between sender and receiver:
Sender Information:
Sender’s name:
First:
Last:
Address:
Telephone number:
Date of birth:
Place of birth:
Sender’s Type of ID:
Sender’s ID number:
Issue Date:
Expiration date:
Occupation:
How many Transfers have you sent by Western Union in the past three months?
Payee Information:
Receiver’s Name:
ID Type:
ID number:
Payee’s Telephone number:
Payee’s street address:
Nationality:
THIRD PARTY DETAILS
Is the transaction being conducted on behalf of a third party? If Yes, complete the information below.
First/Last/or Business Name:
ID number:
Address:
Phone #:
Date of Birth:
Country of Birth:
ID Type:
ID number:
Occupation:
EIN/Tax or Charity license number (for business):
FOR WESTERN UNION USE ONLY
MONEY TRANSFER CONTROL NUMBERS
Principal: _________
Principal: _________
Principal: _________
Principal: _________
Total Principal:_____
Fee: _________
Fee: _________
Fee: _________
Fee: _________
Total Fee: ________
MTCN: _________
MTCN: _________
MTCN: _________
MTCN: _________
Total Principal & Fee: _____
IROC Specialist:
Approved by:
Title:
Date:
Declined by:
Title:
Date:
Email this form to: APAC-KYC@westernunion.com
For immediate assistance, you may call or fax customer service center using the dedicated Western Union number in your region.
Western Union Confidential | ©2013 Western Union Holdings, Inc. All Rights Reserved.
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?
Western Union Confidential | ©2013 Western Union Holdings, Inc. All Rights Reserved.
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?
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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?
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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?
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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?
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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
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DA5 CSC
Step 4: Submit the LPMT application
1.
Email to customer.service@da5.com.ph or
2.
Fax to 02- 8994575
3.
Call DA5 Customer service if you have any inquiries
Western Union Confidential | ©2013 Western Union Holdings, Inc. All Rights Reserved.
Transaction Purpose Example
PURPOSE
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
Western Union Confidential | ©2013 Western Union Holdings, Inc. All Rights Reserved.
Transaction Purpose Example
PURPOSE
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
OR
Any recent official document showing the sender’s and recipient’s names and
the address of the property in the country of receipt
Western Union Confidential | ©2013 Western Union Holdings, Inc. All Rights Reserved.
Transaction Purpose Example
PURPOSE
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
OR
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
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LPMT Supporting Documents
Examples of GOOD supporting documents:
1.
Documents (such as letters, contracts, invoices, receipts, etc.)
that bear official letterhead of issuer.
2.
Documents that have a signature, company stamp or is
electronically produced (non-editable).
3.
Documents that bear description or itemized contents of services
or goods.
4.
Documents that bear Sender or Receiver names and or ID
information.
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LPMT Supporting Documents
Examples of GOOD supporting documents:
5.
Copy of Receiver ID, Third Party ID or Business License.
6.
Proof of Source of Funds – Bank or Salary Statements, Sale of
Property, etc.
Western Union Confidential | ©2013 Western Union Holdings, Inc. All Rights Reserved.
LPMT Controls
If your LPMT is DECLINED:
x DO NOT SPLIT the transaction
x DO NOT SEND a transaction for a LOWER AMOUNT
Western Union Confidential | ©2013 Western Union Holdings, Inc. All Rights Reserved.
Western Union Confidential | ©2013 Western Union Holdings, Inc. All Rights Reserved.