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Money Transfer Confirmation Letter

Money Transfer Confirmation Letter Template for Austria

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Key Requirements PROMPT example:

Money Transfer Confirmation Letter

"I need a Money Transfer Confirmation Letter for an international wire transfer of €500,000 from an Austrian corporation to a German supplier, to be executed on March 15, 2025, with specific anti-money laundering compliance statements included."

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Document background
The Money Transfer Confirmation Letter is a crucial document in Austrian banking and financial operations, used to provide formal verification of completed financial transactions. This document is particularly important in the context of Austrian banking regulations and EU financial directives, serving as official evidence of fund transfers between parties. It is commonly used in business transactions, international trade, and personal banking where formal confirmation of fund transfers is required. The letter includes essential details such as transaction amounts, party information, banking details, and compliance statements, making it a vital document for audit trails, legal documentation, and regulatory compliance. It must adhere to Austrian banking laws (Bankwesengesetz), payment services regulations (Zahlungsdienstegesetz), and anti-money laundering requirements.
Suggested Sections

1. Sender Details: Full name, address, and contact information of the sending party

2. Recipient Details: Full name, address, and contact information of the receiving party

3. Date and Reference Number: Date of the letter and unique reference number for the transaction

4. Transaction Details: Specific details of the money transfer including amount, currency, date of transfer, and method of transfer

5. Bank Information: Details of both sending and receiving banks, including SWIFT/BIC codes and account numbers/IBAN

6. Confirmation Statement: Clear statement confirming the successful execution or processing of the transfer

7. Authentication: Signature block with name and title of authorized representative

Optional Sections

1. Purpose of Transfer: Statement explaining the reason for the transfer - required when mandated by anti-money laundering regulations or when dealing with large sums

2. Exchange Rate Information: Details of the exchange rate used if the transfer involved currency conversion

3. Intermediary Bank Details: Information about any intermediary banks involved in the transfer process

4. Special Instructions: Any special handling instructions or conditions that were applied to the transfer

5. Compliance Statement: Statements confirming compliance with relevant regulations - required for high-value transfers or when dealing with certain jurisdictions

Suggested Schedules

1. Transaction Receipt: Copy of the official bank transaction receipt or swift message confirmation

2. Supporting Documents: Any relevant supporting documents such as invoices or contracts referenced in the transfer

3. Authority Verification: Documents verifying the authority of the person confirming the transfer (if required)

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Transfer
Originator
Beneficiary
Value Date
Transaction Reference Number
SWIFT Message
IBAN
BIC Code
Banking Day
Settlement Date
Transfer Amount
Base Currency
Transfer Currency
Exchange Rate
Intermediary Bank
Correspondent Bank
Payment System
Remittance Information
Account Holder
Authorized Representative
Banking Hours
Confirmation
Transfer Instructions
Payment Order
Settlement Account
Applicable Law
Regulatory Authority
Compliance Requirements
Transaction Fee
Value Transfer
Relevant Industries

Banking and Financial Services

International Trade

Real Estate

Manufacturing

Professional Services

Retail

Import/Export

Investment Services

Insurance

Legal Services

Relevant Teams

Finance

Treasury

Banking Operations

Compliance

International Payments

Customer Service

Transaction Banking

Corporate Banking

Legal

Risk Management

Trade Finance

Payment Operations

Relevant Roles

Finance Manager

Treasury Manager

Banking Operations Officer

Compliance Officer

Financial Controller

Account Manager

Banking Relationship Manager

International Trade Specialist

Finance Director

Transaction Banking Officer

Payment Services Manager

Senior Bank Teller

Corporate Banking Officer

Financial Operations Manager

Industries
Zahlungsdienstegesetz (ZaDiG 2018): Austrian Payment Services Act 2018, implementing EU Payment Services Directive (PSD2), governing payment services and transactions in Austria
Bankwesengesetz (BWG): Austrian Banking Act, providing the legal framework for banking operations and financial transfers
Finanzmarkt-Geldwäschegesetz (FM-GwG): Financial Markets Anti-Money Laundering Act, ensuring compliance with AML/CFT requirements for financial transactions
Datenschutzgesetz (DSG): Austrian Data Protection Act, implementing GDPR requirements for handling personal and financial data
Konsumentenschutzgesetz (KSchG): Austrian Consumer Protection Act, relevant when the money transfer involves consumer transactions
Devisengesetz: Foreign Exchange Act, particularly relevant for international money transfers
EU-Verordnung 2015/847: EU Regulation on information accompanying transfers of funds, setting requirements for information that must be included with money transfers
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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