It is legal for xtransfer to transfer foreign exchange to a private account.

1.XTtransfer, Wanlihui, Paianying and other methods of collecting and settling foreign exchange into private accounts are all legal. The fund transactions in these accounts are also subject to the supervision of the State Administration of Foreign Exchange. The account information is provided to According to reports from the People's Bank of China and the State Administration of Foreign Exchange, like XTtransfer and Wanlihui, every transaction in and out of the account must be proved by transaction documents. If there is no corresponding transaction document, the account will not be credited or the foreign exchange will not be settled. xtransfer We will not interfere with your tax issues. Users are advised to consult a local professional tax company. Therefore, xtransfer settlement to private accounts is legal and can be used with confidence.

2.XTransfer focuses on providing cross-border financial and risk control services to cross-border B2B e-commerce small and medium-sized enterprises. It is an asset management platform that provides comprehensive solutions for a variety of cross-border financial services such as opening global and local collection accounts, foreign exchange exchange, and declaration of overseas foreign exchange control countries. XTransfer has obtained the Hong Kong Money Service Operator license and the British Authorized Payment Institution license, and has completed registrations with FINCEN in the United States, FINTRAC in Canada and AUSTRAC in Australia.

XTransfe’s risk control services are introduced as follows:

1. Help small and medium-sized foreign trade companies manage transaction risks.

⑴ Manage sanctions risks: master international sanctions regulations and stay away from sanctions risks;

⑵ Prevent fraud risks: Big data-driven monitoring system identifies fraud risks and protects the foreign trade industry ecology; < /p>

⑶ Ensure legal and compliant sources of funds: due diligence on counterparties, secure payment collection;

⑷ Control the authenticity of transactions: real trade declarations, sunny foreign exchange settlement.

2. Help financial institutions serve small and medium-sized foreign trade enterprises with confidence.

⑴Risk-based prudent access: due diligence, only serving small and medium-sized merchants engaged in legitimate and real trade, and preventing merchants with illegal intentions from entering the network;

⑵Multi-dimensional scenario-based data Integration: Connect and utilize data related to end-to-end trade ecological logistics, information flow and capital flow to conduct a panoramic scan of customer identities and transactions;

⑶ Customized transaction/account risk identification strategy: Professional recognition in the foreign trade industry Knowledge feeds risk strategies and identifies high-risk trading accounts;

(4) Rapid risk response mechanism: complete risk plans, immediate response to risk cases, full-link tracking, and reduced capital losses.