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

ACG

engineer_rain wrote: »

why is it somehow my job to prevent money laundering?

Its not.
Its the lenders and solicitors job to prevent it.

mrs_blackadder

As was talking about "spunking".

engineer_rain

Thrugelmir wrote: »

Alternatively don't use gifted money to buy a house in future. Would be my advice.

I think you may have hit the nail on the head.

nidO

engineer_rain wrote: »

Ok! now we are getting somewhere. So these money laundering regulations...tell me more...why do we have these regulations? why is it somehow my job to prevent money laundering? I'm not the police.

No-one is saying you're the police, but you might well be the criminal.

Boo hoo, you're an upstanding citizen, blahblahblah. You may know that, but your solicitor, the FCA, and HMRC don't. You aren't preventing money laundering, your solicitor is. We have these regulations to monitor for money laundering to, funnily enough, prevent money laundering.

engineer_rain wrote: »

You might think it sounds stupid but think about it. Money laundering and buying property are absolutely nothing to do with eachother. There are plenty of ways to launder money.

....and your arguments are now totally voided on the grounds of having less than the tiniest of a clue what you're talking about. Prior to money laundering regulations being tightened up in these ways, laundering money through solicitors' client accounts via large conveyancing transactions was one of the most common and easiest ways to launder money.

engineer_rain

ACG wrote: »

Its not.
Its the lenders and solicitors job to prevent it.

I'm paying for the solicitor to exist. Therefore it kinda becomes my job by proxy.

Thrugelmir

engineer_rain wrote: »

Money laundering and buying property are absolutely nothing to do with eachother.

Drug dealer has cash. Gives it to his friend. Friend buys house. House gets sold. Money is legitimised.

Not applicable to your case. Gifted deposits also fall under the auspices of the Insolvency Act 1985, i.e. personal insolvency of the benefactor.

Thrugelmir

engineer_rain wrote: »

I'm paying for the solicitor to exist. Therefore it kinda becomes my job by proxy.

Solicitor has plenty of other work. Isn't dependent on a few hundred pounds from you.

Solicitor as a professional person has to follow the rules. Not least the Council of Mortgage Lenders handbook.

nobodysdriving

when you buy a car do you have to prove where the money to buy it has come from? (by the way there are cars which are as expensive as my house before you say it is not the same thing)

engineer_rain

nidO wrote: »

No-one is saying you're the police, but you might well be the criminal.

Boo hoo, you're an upstanding citizen, blahblahblah. You may know that, but your solicitor, the FCA, and HMRC don't. You aren't preventing money laundering, your solicitor is. We have these regulations to monitor for money laundering to, funnily enough, prevent money laundering.



....and your arguments are now totally voided on the grounds of having less than the tiniest of a clue what you're talking about. Prior to money laundering regulations being tightened up in these ways, laundering money through solicitors' client accounts via large conveyancing transactions was one of the most common and easiest ways to launder money.

Why is my argument "totally voided". I'll admit I don't have the tiniest clue what I am talking about...that's why I am on this website now.

It sounds to be like the government have conveniently passed the burden of dealing with money laundering onto someone else. That is wrong. I'm not somesort of vigilant crime fighter. It isn't my job to prevent money laundering.

engineer_rain

nobodysdriving wrote: »

when you buy a car do you have to prove where the money to buy it has come from? (by the way there are cars which are as expensive as my house before you say it is not the same thing)

I've bought a few cars, nothing in the six figures right enough but I've never once had to prove how I was paying for it.