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Money laundering
Golden20
Posts: 4 Newbie
I'm in the process of buying a house and I have deposit from my grandma and the rest I have raised myself. My husband at the time transfer £4000 into my account, which is the money he owed me from our NYC trip.
He transfer the money in June this year we have seperated now and I am unable to contact him because I don't know where he is. The money was transfer into my saving will the solicitor question it and then say I'm a money launder or will I be okay, just want my house
He transfer the money in June this year we have seperated now and I am unable to contact him because I don't know where he is. The money was transfer into my saving will the solicitor question it and then say I'm a money launder or will I be okay, just want my house
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Comments
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I'm in the process of buying a house and I have deposit from my grandma and the rest I have raised myself. My husband at the time transfer £4000 into my account, which is the money he owed me from our NYC trip.
He transfer the money in June this year we have seperated now and I am unable to contact him because I don't know where he is. The money was transfer into my saving will the solicitor question it and then say I'm a money launder or will I be okay, just want my house
What's the concern? A person and that person was your husband repaid a debt to you.
I have no idea what you are worried about. Transfers between husbands and wives will never be questioned.:footie:
Regular savers earn 6% interest (HSBC, First Direct, M&S) Loans cost 2.9% per year (Nationwide) = FREE money. 0 -
Ask your solicitor?
You are asking a very specific question and the answer relies heavily on the policy of one particular firm.
Anything suggested on here would be pure speculation.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Transfers between husbands and wives will never be questioned.
Well, that'll make money laundering much easier! Pay the dirty money into your spouse's account and then get them to transfer it to you...
In practice the OP may well be asked for evidence of where the deposit into their account came from, ID for their spouse, and evidence that it was genuinely his money. Or June might be considered long enough ago that it doesn't matter. They really need to ask their solicitors what their policy is.0 -
Similar thing happened to me - I had to provide statements from my account and my spouse's account for the previous 6 months to show where the money came from.
Solicitor said it was new money laundering regulations.0
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