Money laundering with my current account

MABLE

This morning I had a telephone call from my bank to check on a transaction leaving my account for over £2k and asked if I had authorised it. I explained I knew nothing about it. They then went on say about the high level of transactions on the account in the last few days and one account should have been zero but was showing a balance of £23k.

The bank official said it would seem they have been using my accounts for money laundering and after changing all my security details he said they would phone me back later and would take about 15 minutes.

Does anyone know what happens next with situations like this.

HappyMJ

They usually take all of your money. Did you really give your security details to some random person who rang you alleging they were from the bank? They may not have been.

MoneySaverLog

HappyMJ wrote: »

They usually take all of your money. Did you really give your security details to some random person who rang you alleging they were from the bank? They may not have been.

ALWAYS take the persons name and department and then call them back on a number you know belongs to your bank.

Trust NO ONE

antrobus

MABLE wrote: »

....Does anyone know what happens next with situations like this.

You phone your bank back in double quick time to check that it was actually them that you were speaking to in the first place.

meer53

NO bank would ever call you and tell you they suspected money laundering on your account. It's illegal for them to do so.

How did you verify that it was your bank calling you ?

MABLE

Thanks everyone for the interest shown. If I may explain. The telephone rang and a message was left for me to ring the bank. I checked my emails and received a email advising me to phone them asap and a telephone number was given for me to ring.

I ignored the telephone number and phoned number I usually use.

I was put through to security and confirmed it was them.

I have suffered no financial loss and the accounts have been used in a money laundering scam. They have confiscated £23k in one of the accounts so no doubt someone somewhere will be feeling pretty p...d off now.

meer53

Whoever told you that money laundering is involved will be in big trouble at the bank ! Not your problem though

pinkteapot

At least you're not out of pocket.

I suspect the call later will involve them running through all the recent transactions and asking you if they are legitimate (i.e. yours). They may also ask if you have given any of your security details, cards, PINs etc to anyone else (even a spouse/partner).

MABLE

Update.

I have again spoken to the bank and they are now saying a fraudster has got into my account and desposited thousands of pounds today and has then tried to transfer out. It would appear now that other peoples accounts have been broken into and the money transferred into mine.

Because the bank acted quickly they have been able to stop thousands being transferred out.

MoneySaverLog

You'd have through any fraudster would want to take the money and put it into their own accounts not yours.

Still good to see that they got stopped and lost their money :-)

MABLE

MoneySaverLog wrote: »

You'd have through any fraudster would want to take the money and put it into their own accounts not yours.

Still good to see that they got stopped and lost their money :-)

Really not sure the logic behind it. Would be good if someone with experience of this type of thing could offer some explanation.