As an illegal intermediary of financial services, underground banks usually operate by money changers handing over RMB to domestic underground banks, and underground banks transfer foreign exchange to overseas accounts designated by money changers through overseas partners. Nowadays, underground money houses have evolved into money laundering tools for illegal gains and become an important channel for rampant capital flight in coastal areas.
Why do people use banks? Relatively speaking, the gap between the buying and selling exchange rates of banks is large, and the protection of family privacy is poor. The advantages of private banks attract some users with their simplicity and flexibility. However, most banks are operated by individuals, and there is no standard structure, so it is easy to make mistakes. Compared with private banks, Kuboland attracts many customers with a more competitive exchange rate and a loose quota. The external account will arrive within 15 minutes after the remittance of domestic individual customers, and the corporate customers will decide according to the amount. Choose on-site service, and the staff will complete the remittance process face to face with the customer until the foreign collection account arrives. Off-site service, the account will be received within 15 minutes after completing the electronic remittance process. For the privacy of customers, Kuboland has also done its utmost to encrypt all customer information, that is, employees in the company cannot access customer information without electronic keys. According to the most perfect customer strict confidentiality system, customers can choose to irrevocably delete all completed transaction records and customer information from the database after the transaction is completed, and the company cannot recover the completely deleted information. The remittance transaction process adopts the encrypted transaction mode instead of the traditional linear transaction or point-to-point transaction mode.