Xxxxxxxx

YorkshireBoy

Preetpal wrote: »

Thanks i will surely do that. Just for my knowledge i would like to understand what happens if listen to my friend in the first place and do as is. Will it affect my account, credit history etc? Can i get some more information around this please? Any website links that can be helpful?

Regards
Preetpal

You don't need website links, just a modicum of common sense!

jefaz07

Bank account closure and a CIFAS marker. I wouldn’t

ColdIron

Preetpal wrote: »

Will it affect my account, credit history

I imagine having your account closed and perhaps a CIFAS marker against you would affect your credit history. What do you think?

DCFC79

Preetpal wrote: »

Thanks so much..!!

Are their any links that can help me with some more details around this please? I may add that his business is perfectly legitimate and he did mention that by doing this he would be saving some tax.


Regards
Preetpal

Ah so he wanrs to do it to save some tax.

I wouldn't do it.

Robin9

Preetpal, I would suggest that you wouldn't have posted on this forum unless you thought the transfer was suspicious.

JakeHall

Preetpal wrote: »

Thanks so much..!!

Are their any links that can help me with some more details around this please? I may add that his business is perfectly legitimate and he did mention that by doing this he would be saving some tax.


Regards
Preetpal

It doesn't sound like a perfectly legitimate business. The source of his funds may be legitimate (i.e. he is actually providing a service for which he is being paid), but how he is treating them is almost certainly not legitimate. He may very well be fabricating invoices or similar and then making these kinds of transfers so it seem as though he is incurring expenses.

colsten

Preetpal wrote: »

he did mention that by doing this he would be saving some tax

Oh right. Not just money laundering. Also tax evasion. Nice.

Preetpal wrote: »

his business is perfectly legitimate

Tax evasion is illegal. There is most certainly something illegitimate about him.

Ben8282 wrote: »

It is not illegal as such

That will be for the NCA to determine when they investigate the matter after the OP's bank account got locked. We don't know the full story, and the OP might not know it either, but tax evasion, which the OP has given as a reason, is certainly illegal.

DCFC79

Oh look, posts have been deleted.



Maybe the OP has realised what a mistake he could be making.

Zanderman

DCFC79 wrote: »

Oh look, posts have been deleted.
Maybe the OP has realised what a mistake he could be making.

Annoying though - why do people seem to think that they should delete their request, simply because they realise it was naive/wrong/mistaken/whatever - the point of the forum is to discuss things - and deleting the opening post makes the discussion, and lessons learned from it, meaningless. It's a very selfish thing to do. Doesn't help anyone at all.

For the record, the opening post began with the words:

Hi, My close and self employed friend wants to transfer 3500£ in my UK personal account from his business account and then has asked me to ...

which is from the google cache - but I can' seem to get any more right now.

MovingForwards

The rest of it was about transferring it to his/her personal account for a few hours....