Intrusive rules. I want to complain but don't know how...

engineer_rain

Hello.

I was hoping that one of you kind individuals may be able to help me.

I have recently bought a house.

During the purchase of my house I was given some money towards the deposit by my parents. The deposit in total was £26000. My parents contributed £6000 and I paid £20000.

I declared this fact that the money was a gifted deposit to the bank. The bank were not concerned and advised that this was normal.

One week before my move in date I met with my solicitor to sign the documents to conclude the deal. At this meeting I was informed by my solicitor that due to money laundering regulations my solicitor would be unable to act to progress the deal until I had provided proof of where the additional £6000 had come from. I provided proof by having a letter and bank statements from my parents showing that the money was from their savings.

I found this additional burden of proof on me very tedious and to be honest it was just another problem I didn't need at the time. I am not a criminal, I have a job, I am a professional and I obey the rules. I do not money launder and neither do my parents. Quite frankly I resent this defacto accusation, almost like guilty until proven innocent. It is an utter joke.

I understand my solicitors position also that this money laundering rules are not made by them.

I'd like to complain to try and effect change on these rules or receive compensation for being falsely accused of a crime i did not commit. Can someone help me. Who can I talk to about this?

mrs_blackadder

*everybody* who has a gifted deposit has to follow these rules. I'm at a loss as to what you think you need to be compensated for.

nobodysdriving

mmmmmm I was told this is 'the law' so if so then it would end up being a long big complaint which may never end up anywhere

I also had to provide these, my solicitor said it is for anything in excess of £5000

nidO

You can request a change in the law and ask for compensation via the following:

http://www.parliament.uk/get-involved/contact-your-mp/contacting-your-mp/

As a heads-up, you will get neither.

dunstonh

One week before my move in date I met with my solicitor to sign the documents to conclude the deal. At this meeting I was informed by my solicitor that due to money laundering regulations my solicitor would be unable to act to progress the deal until I had provided proof of where the additional £6000 had come from. I provided proof by having a letter and bank statements from my parents showing that the money was from their savings.

That sounds perfectly correct as solicitors are party to money laundering regulations.

I found this additional burden of proof on me very tedious and to be honest it was just another problem I didn't need at the time. I am not a criminal, I have a job, I am a professional and I obey the rules. I do not money launder and neither do my parents. Quite frankly I resent this defacto accusation, almost like guilty until proven innocent. It is an utter joke.

It is not a burden and I am sure all the criminals would say they are not to someone else.

How on earth have you turned a request to verify source of funds into an accusation?

I'd like to complain to try and effect change on these rules or receive compensation for being falsely accused of a crime i did not commit. Can someone help me. Who can I talk to about this?

Ok, I am beginning to think this is a joke thread and not a real vent. Only the saddest individuals would consider this a compensation issue. Its up there with say posters on this site wanting compensation for wasting minutes of their life reading your post.

However, in case you are for real, forget it. You have not been falsely accused of a crime. That is just daft beyond on belief (hence why I think you are pulling our legs). This is legislation that is largely mirrored across the developed world.

you should have at least put a smiley at the end of your post to indicate it was a wind up. Or waited until April Fools day.

mrs_blackadder

dunstonh wrote: »

Ok, I am beginning to think this is a joke thread and not a real vent. Only the saddest individuals would consider this a compensation issue. Its up there with say posters on this site wanting compensation for wasting minutes of their life reading your post.

I could go with some compensation for that...

engineer_rain

mrs_blackadder wrote: »

*everybody* who has a gifted deposit has to follow these rules. I'm at a loss as to what you think you need to be compensated for.

I resent the fact that I am essentially being accused of money laundering.

I don't like the idea of having to provide evidence that I am not guilty of a crime. If the authorities have reason to believe that I am in the money laundering business I should be charged like any other crime.

For example, If I accused you of being a drug dealer and asked you to prove you weren't. If you refuse to cooperate then I will inflict economic damage on you. This is what I mean by guilty until proven innocent. You did nothing wrong, you aren't dealing drugs, but I am asking you to prove you aren't doing something illegal with no basis for the accusation in the first place.

tea_lover

Half-term?

mrs_blackadder

You aren't being accused of anything! You are being asked to prove you have the money you have, and you got it where you said you did. Not a huge ask from someone about to lend you thousands of pounds!

mrs_blackadder

tea_lover wrote: »

Half-term?

Not til next week here...:rotfl:

engineer_rain

nidO wrote: »

You can request a change in the law and ask for compensation via the following:

parliament.uk/get-involved/contact-your-mp/contacting-your-mp

As a heads-up, you will get neither.

Thanks for this.

Even if it goes nowhere I will get the satisfaction of wasting someone s time dealing with it.