help please Money Laundering Product on my credit file

fishingcinema

Burridge60 wrote: »

Aviva is the name for Aviva (which used to be Norwich Union).

Institutions now need to have an audit trail to prove that they have established your identity and your address. This is mandatory according to UK and EU law against terrorist financing, crime and money laundering.

These searches are the evidence to you and everyone that they are doing their regulator function properly.

The Aviva entry is probably a monthly instalment payment facility for an otherwise annual premium general insurance policy such as a Motor or Household policy.

None of these are adverse entries based on what you have posted

Appreciate your reply and time to read through.
I have not had home insurance this year well 2010 as did not renew :0(

Many thanks

izools

It's perfectly normal looks like one was to do with a search on a price comparison website ant another one to do with the barclaycard "Am I Eligible?" checker.

These searches are only visible to you, and not any other creditors.

No panic

mawsenio

ML searches are mandatory for reasons already described earlier. I can add that only you will see these footprints so any other Organisation accessing your credit file (at that CRA) will not see the ML footprint. It is harmless in a cedit sense.

What isn't harmless are General Insurance (Credit) searches by Aviva using Call Credit. These can be seen by other organisations when applying for credit and, therefore, can be used to assess your credit worthiness (Aviva deny this but they cannot possibly know what another organisation chooses to do with the data it receives).

Aviva should not be leaving these footprints for a number of reasons.
a) It is RAC (underwirtten by Aviva but one has to investigate to find out)
b) INsurance is not credit unless you ask for installments (which only became credit because Aviva are huge, insurance was never considered credit before Aviva wanted to search a couple of years ago - money talks).
c) quotes are not credit checks. There is a specific difference in the credit industry to protect credit ratings for people wanting to shop around. Comparrison sites are definitely for shopping around.

Aviva know this is wrong and have done since 2009 but, as most people dont get a report from Call Credit (£2 online, worth it), they can ignore it.

Aviva make a few hundred million net profit. SOmehow they cannot find the resources to fix a known problem that is detrimental to customers (or potential customers). Another example of consumers being nothing more than a faceless revenue source.

p00hsticks

fishingcinema wrote: »

HBOS (ML) again i do not know who this is
Search Date:16/12/2009
Search Purpose:Money Laundering
could this be hsbc as i opened an account with them approximatly arround this time.

HBOS is Halifax / Bank of Scotland, not HSBC