Money laundering hassle

prosaver

Life would be easier if just asked the solicitor, why .

anyway , ask him and let us know what s the reason.

theartfullodger

Verdasson wrote: »

..(not having much look with solicitors) .....Have I to produce this letter although I am loathed to have to do so.....

Fascinating use of English: (yes, I'm bound to have committed worse...)

The solicitor appears to be following the law & best practice (that sort are the ones you want to deal with: be grateful he's not a corner-cutting charlatan... ). If you don't like the law then buy in another jurisdiction or invest in something that is not so governed (tricky in UK): What on earth is it you wish to hide from this solicitor, pray? Do please let us know.

Cheers!

DTDfanBoy

prosaver wrote: »

Life would be easier if just asked the solicitor, why .

anyway , ask him and let us know what s the reason.

I don't think that the reason is a secret

Every drug dealer in the country would be inheriting money on a regular basis if there was no requirement for the source of funds to be verified

LandyAndy

Verdasson wrote: »

This follows on, but not related to my first post (not having much look with solicitors)

I am after buying my own house and cash is in place. I have provided solicitor with two seperate forms of 'photo ID, bank statement, endless utility bills. Now he wants a copy from the solicitor stating that the money is in place (although the other solicitor is still holding the money - previous post) and that it has come from inheritance and not dealing E's in Ibiza.

Have I to produce this letter although I am loathed to have to do so.

Thanx again!

Now there's a surprise.:D










It's 'loath' btw.

MaxTheCat

Verdasson wrote: »

This follows on, but not related to my first post (not having much look with solicitors)

I am after buying my own house and cash is in place. I have provided solicitor with two seperate forms of 'photo ID, bank statement, endless utility bills. Now he wants a copy from the solicitor stating that the money is in place (although the other solicitor is still holding the money - previous post) and that it has come from inheritance and not dealing E's in Ibiza.

Have I to produce this letter although I am loathed to have to do so.

Thanx again!

If you ever had to do the Anti Money Laundering courses that you have to do in financial institutions you wouldn't bother to ask your question. The long and short of it is that if they don't do the due diligence I.e. request proof of how you came by the money they can go to prison or be fined for aiding any money laundering. Similarly if they find your proof to be less than convincing if they tell you or tip you off they can also be done for that.