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Money Laundering

I just decided to check my credit report with CallCredit as this has always been the one agency i've never really bothered with, and there is a search on my file back in 2008, from BT.

The reason for the search is listed as : Money Laundering. :eek:

What on earth is going on? Will this be seriously affecting my chances of getting credit?

Comments

  • chattychappy
    chattychappy Posts: 7,302 Forumite
    Shouldn't do.

    Have you made an large deposits or carried out any large cash transactions (eg changing money) where you had to give your identity? Does it say who did the search?
  • Hi,

    I have a few entries like this on my credit report, I think it is just a security check as they appear in a table which states: Table 2: Other Searches

    The following table shows searches undertaken for purposes other than credit applications. These searches have no impact on a credit decision:

    20/04/2010 Identity Check to comply with Anti Money Laundering Regulations Santander Uk Plc
  • Davewils
    Davewils Posts: 134 Forumite
    Mine just appears in the 'Search history'

    Search Organisation:
    BT (ID) Search Organisational Unit : Tote Credit Ltd NC Search Purpose Money Laundering
  • This is nothing to worry about. It's just part of the background noise that's created when you sign up to certain financial products.
    never eat yellow snow
  • jwil
    jwil Posts: 21,057 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I've checked my credit report with call credit this morning, and this is on my file too from a couple of months ago. I've never heard of the company that it relates to, but it seems to correlate with when I did a search for car insurance online. Weird! But I'm glad it appears to mean nothing, I was a little worried.
    "If you can dream it, you can do it". Walt Disney
  • s12s
    s12s Posts: 154 Forumite
    it is likely to be a check to verify your identify and/or your address for money laundering regulations. we use it to do this rather than ask for 2 items of ID for safety, it means no ID is at risk in the post.
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