International Monetary Unit contacts

Answer 1

I ,was asked by a Spanish Bank Caja credit union bank of Madrid, to provide them of a DRUG/ANTI-MONEY LAUDERING CLEARANCE

Our fund were transferred from a Burkina Bank, thru City Bank of America and thru Caja Credit Uni9on Bank Madrid with final destination: Our company as the beneficiary and to our designated Banks in Thailand.

The amount is related to a Supply of Steel components by our company.

The amount in the Bank in Spain is exactly as the amount of our pro-forma Invoice sent to our client.

We have asked our Client for a T/T payment 100% in advance prior to any shipment knowing the non reliability of companies in Africa as well instructed by our Banks in Thailand.

Now that we succeeded to to make the Bank at origin to send the transfer, the fund are blocked in Spain for reason that are already explained and nothing to do with Laudering money, but a simple contract Supply of steel compoennts from our manufacturing company in Thailand.

How do we have to answer to the bank, that seems not to listen and pretend us to undertsand all law and rules of ANTI LAUNDERING as well to present a clearance cetrtificate that we don't even know how it is made and who can make for us.

Our pro-forma is in our hand and signed for approval of manufacturing but shipment will start only at receipt of the Payment in our bank.

Delay will casue very high penalties by the client to our company, kindly suggest how should we act with the correspondent Bank in Spain.

regards

Frantini