Questions & Answers

How do you show the connection from legal source of funds in Argentina that were transferred by a third party agent to banks abroad before reaching t

This question is in regard to showing source of funds for Argentine clients, who are restricted by their government in the transfer or purchase of U.S. dollars. How do you show the connection from legal source of funds in Argentina that were transferred by a third party agent to banks abroad before reaching the client bank in the U.S. when no paper trail exists?

Answers

• A Olusanjo Omoniyi

  Immigration Attorney

  Answered on April 7, 2014

  By law, each source of funds is supposed to be documented and traceable particularly to avoid a violation of the law regarding money laundering. Also, make sure all transactions from Argentina did not violate Argentine laws, otherwise, the USCIS may deny the application and treat the funds as being from unlawful source(s). Advisably, consult an EB-5 attorney to ensure all legal procedures are followed before proceeding with your EB-5 investment plan.

• Ed Beshara

  Immigration Attorney

  Answered on April 7, 2014

  The experienced EB-5 attorney representing you can advise on the legally accepted procedures for authenticating the source and transfer of the personal investment funds.

• Fredrick W Voigtmann

  Immigration Attorney

  Answered on April 4, 2014

  You should consult directly with an experienced EB-5 immigration attorney on this matter. Each situation is unique and there is no one size fits all solution to this issue.

• Jinhee Wilde

  Immigration Attorney

  Answered on April 4, 2014

  Even if the country has exchange limitation, the transfer to third party should be tracked through family and friends accounts instead of using these so-called money agents as USCIS has intimated that this is illegal activity.

• Salvatore Picataggio

  Immigration Attorney

  Answered on April 4, 2014

  USCIS will need evidence of the transfer of the funds, even when using intermediaries. Bank statements or transfer confirmations may be enough. Please consider retaining an EB-5 attorney with experience in complex source of funds matters.