Verify the payment destination independently
Confirm the beneficiary through the developer, licensed broker, trustee or official project records using contact information obtained independently of the payment message.
Prepare for bank compliance
Banks may request the contract, reservation document, source-of-funds evidence, beneficiary information and purpose of payment. Start before the deadline.
Preserve a complete audit trail
Keep executed documents, invoices, transfer confirmations, exchange-rate records and acknowledgments. Ask qualified advisers about any U.S. reporting obligations.
Property-level information to verify
- Verified beneficiary and account
- Contractual reason for the payment
- Project or escrow confirmation
- Bank transfer deadline and fees
- Complete receipt and document trail
Primary sources
Educational planning information only. Pricing, fees, rules, availability, exchange rates and financing terms can change. Obtain transaction-specific professional advice.
