As prior to our phone conversation, I will briefly explain to you once
again about the Letter of Authorization.
First of all, in Hong Kong when a huge amount of money is leaving Hong
Kong to another country, we will need a legal document to declare and
state the purpose of the transaction. This legal document is what we call
the Letter of Authorization.
Since this is an international transaction, therefore this Letter of
Authorization is to safeguard both parties. For your end, after you have
received the amount of US$190,000 with you, if any authority were to
question you, how and where did this funds come from, you can show them
this Letter of Authorization that these funds are coming from legal
sources instead of any money laundering or illegal trading money. Its to
proof that legal funds from legal sources they are being sent to you.
It's also a declaration to our company that we have released the full
amount to you. It's because we have pre-registered the total amount used
for prizes to our Inland Revenue Taxation. Thus, any amount deduction is
not acceptable from the prize winning and this letter of authorization
will be a proof that we have release the exact amount to prize winners so
that this amount will be deductible from our company's taxes in the end of
the fiscal year.
Our management did have several discussions in regards to your case and
also the letter of authorization, but we're unable to process the
transaction without this Letter of Authorization.
This letter of authorization can be obtained from our Hong Kong Government
Court whereby we will need to send our house lawyer down
to the court and there are certain conditions needed in order for the
Letter of Authorization to be issued.
Basically our Hong Kong Government Court will need to bind both parties
whose involve in this international transaction into a legal contract
participating with a security deposit of a 3.8% (US$7,220) of your total
winning amount.
The legal sender "our company" will need to share 1.9% (US$3,610) and the
legal recipient "you" will need to share the other half 1.9% (US$3,610) of
the security deposit. So US$3610 is required to be placed at the court by
both parties in order for you and our company to be bind into the legal
contract.
Once the court sees that both participants have met the requirements. The
court would issue us the Letter of Authorization and it can be submit to
our bank and they will have the green light to process the US$190,000 out
of Hong Kong to your bank in Australia.
There will be 2 transactions heading to you. The 1st transaction which
will be the US$190,000 and the 2nd transaction which will be the refund of
your security deposit. Do bear in mind that the total refund back to you
would be US$100 lesser and it is deducted by the court for the stamping of
the document and also the processing of the Letter of Authorization.
Hope this will explain clearly about the issue that we are facing now.
Warm Regards,
again about the Letter of Authorization.
First of all, in Hong Kong when a huge amount of money is leaving Hong
Kong to another country, we will need a legal document to declare and
state the purpose of the transaction. This legal document is what we call
the Letter of Authorization.
Since this is an international transaction, therefore this Letter of
Authorization is to safeguard both parties. For your end, after you have
received the amount of US$190,000 with you, if any authority were to
question you, how and where did this funds come from, you can show them
this Letter of Authorization that these funds are coming from legal
sources instead of any money laundering or illegal trading money. Its to
proof that legal funds from legal sources they are being sent to you.
It's also a declaration to our company that we have released the full
amount to you. It's because we have pre-registered the total amount used
for prizes to our Inland Revenue Taxation. Thus, any amount deduction is
not acceptable from the prize winning and this letter of authorization
will be a proof that we have release the exact amount to prize winners so
that this amount will be deductible from our company's taxes in the end of
the fiscal year.
Our management did have several discussions in regards to your case and
also the letter of authorization, but we're unable to process the
transaction without this Letter of Authorization.
This letter of authorization can be obtained from our Hong Kong Government
Court whereby we will need to send our house lawyer down
to the court and there are certain conditions needed in order for the
Letter of Authorization to be issued.
Basically our Hong Kong Government Court will need to bind both parties
whose involve in this international transaction into a legal contract
participating with a security deposit of a 3.8% (US$7,220) of your total
winning amount.
The legal sender "our company" will need to share 1.9% (US$3,610) and the
legal recipient "you" will need to share the other half 1.9% (US$3,610) of
the security deposit. So US$3610 is required to be placed at the court by
both parties in order for you and our company to be bind into the legal
contract.
Once the court sees that both participants have met the requirements. The
court would issue us the Letter of Authorization and it can be submit to
our bank and they will have the green light to process the US$190,000 out
of Hong Kong to your bank in Australia.
There will be 2 transactions heading to you. The 1st transaction which
will be the US$190,000 and the 2nd transaction which will be the refund of
your security deposit. Do bear in mind that the total refund back to you
would be US$100 lesser and it is deducted by the court for the stamping of
the document and also the processing of the Letter of Authorization.
Hope this will explain clearly about the issue that we are facing now.
Warm Regards,
