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bank account red flagged?

tombow · 2009-06-04 15:13:38

hi how much can you withdraw or transfer a day from your current account before it is flagged/red flagged? thanks

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shrewsaver Posts: 155 Forumite

14 June 2009 at 4:23PM

Energize wrote: »

By law any transactions over £9k have to be checked iirc.

http://www.hmrc.gov.uk/mlr/mlr8.htm#4b

By law ANY transaction can be checked not just over a certain amount.

Aegis wrote: »

Anyone who knew this (i.e. a bank employee) and told you could feasibly be breaking money laundering regulations, so it's unlikely you're going to hear anything specific.

Correct.

Save £12K IN 2013 Member #217 £3654.88/£6,000 (60%)
Shares: £273.36 (Bought £494.14) £220.78
SIPP: £5,366.63 (Bought £5,429.44) £503
S&S ISA: £11,560.70 (Bought £10,537.58) £1,023.12

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bank account red flagged?

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