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Money Laundering help!
Tuareg
Posts: 102 Forumite
A friend is buying a Shared Ownership flat with the help of an elderly aunt who is gifting a large but not massive amount towards the deposit.
He's just told me that he has recieved an email from the Solicitor dealing with the purchase that they require this aunt to either come into their offices with various items of id or get a sollicitor/bank manager etc to certify thoses documents and then forward them.
Both of these actions is going to cause her great inconvenience esp. as shes in her 80s I believe.
Are these requirements normal? Any advice?
He's just told me that he has recieved an email from the Solicitor dealing with the purchase that they require this aunt to either come into their offices with various items of id or get a sollicitor/bank manager etc to certify thoses documents and then forward them.
Both of these actions is going to cause her great inconvenience esp. as shes in her 80s I believe.
Are these requirements normal? Any advice?
0
Comments
-
Are these requirements normal?
Yes.
Fortify aunt with some sherry and send her to her local solicitor or bank manager. I'm sure the inconvenience doesn't outweigh the convenience of your friend getting the cash from her.Any advice?
Have they actually insisted on anyone seeing her in person, or can she just post the original documents in?0 -
Perfectly normal these days I'm afraid. All parties involved in property transactions, solicitors in particular, have a duty to verify where funds are coming from, in order to prevent money laundering.
Surely it can't be that great an inconvenience?0 -
With something as big as this, it would be more worrying if it wasn't properly checked out. I'm sure your friend may be legit, but there are enough horror stories around about elderly people getting conned out of all of their savings by unscrupulous 'friends' or even family.Father Ted: Now concentrate this time, Dougal. These
(he points to some plastic cows on the table) are very small; those (pointing at some cows out of the window) are far away...
:D:D0 -
If your friend is being given this big amount of money, he should be ordering a taxi to take
his very generous aunt door to door and back again. That cant be much of in inconvenience.make the most of it, we are only here for the weekend.
and we will never, ever return.0 -
Absolutely normal. Solicitors and other professionals are required to carry out anti-money-laundering checks.
Your friend's aunt should be able to arrange to get certified copies of her ID done by her local solicitor, if that is easier than visiting the lawyer your friend is using.All posts are my personal opinion, not formal advice Always get proper, professional advice (particularly about anything legal!)0
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