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Yes, but there are a couple issues. 1. International wire transfers over 10k could get flagged by your bank as suspicious. Then you would need to work out with

Yes, but there are a couple issues. 1. International wire transfers over 10k could get flagged by your bank as suspicious. Then you would need to work out with your bank how to prove that this isn't money laundering. 2. Intellectual Property laws can be hard to enforce across borders. If a contractor takes your source code you may never get any money from them as damages

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gruez 6y ago
>1. International wire transfers over 10k could get flagged by your bank as suspicious. Then you would need to work out with your bank how to prove that this isn't money laundering. Isn't that only per-transaction? Paying $9000 biweekly gets you to $234k annual salary. Unless you're hiring rockstar engineers, this should be more than enough.
- Spooky23 6y ago
  You need to have a bank that has a clue and understands what you are doing. Some random regional bank may flag it as suspicious, even at amounts as low as $4k.
- estebarb 6y ago
  No, actually is more complex: banks may share data so the amount moved can include several transactions, across several banks and time. I triggered the system once, just for moving my own salary to another bank and then to another account in the second bank. To be safe, the employee must give the bank a proof of be hired: contract with amount, certificate of salary, proofs of service selled (it depends). Asking the bank before the first payment can help too. In summary: it's perfectly fine to receive sums greater that $10000, but the employee have to justify it, and the company must provide documentation.
- alistairSH 6y ago
  Not quite. Look up structuring and smurfing. In the US (at least), making deposits in a pattern to avoid automatic triggers is itself something that can trigger investigations and holds. This can be a huge problem for the “legal” marijuana trade in Colorado and Washington. It’s still illegal at the federal level, large sums of cash involved, so banking becomes difficult.

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gruez 6y ago

>1. International wire transfers over 10k could get flagged by your bank as suspicious. Then you would need to work out with your bank how to prove that this isn't money laundering. Isn't that only per-transaction? Paying $9000 biweekly gets you to $234k annual salary. Unless you're hiring rockstar engineers, this should be more than enough.

Spooky23 6y ago
You need to have a bank that has a clue and understands what you are doing. Some random regional bank may flag it as suspicious, even at amounts as low as $4k.
estebarb 6y ago
No, actually is more complex: banks may share data so the amount moved can include several transactions, across several banks and time. I triggered the system once, just for moving my own salary to another bank and then to another account in the second bank. To be safe, the employee must give the bank a proof of be hired: contract with amount, certificate of salary, proofs of service selled (it depends). Asking the bank before the first payment can help too. In summary: it's perfectly fine to receive sums greater that $10000, but the employee have to justify it, and the company must provide documentation.
alistairSH 6y ago
Not quite. Look up structuring and smurfing. In the US (at least), making deposits in a pattern to avoid automatic triggers is itself something that can trigger investigations and holds. This can be a huge problem for the “legal” marijuana trade in Colorado and Washington. It’s still illegal at the federal level, large sums of cash involved, so banking becomes difficult.