Clydesdale Anti Money Laundering?

jameseonline

So I looked at my Credit Karma app earlier and under Soft Search I've had 2 entries titled Clydesdale Bank Anti Money Laundering.

What the fudge?.

The only thing I can think of is this might be due to me manually having to open a Virgin Money Regular Saver because all my money goes through Virgin to fund regular savings accounts, easy access accounts, to go to accounts to pay bills etc, has done for years without issues.

Also Clydesdale/Virgin haven't spoke to me in regards to fraud or anything recently.

Just wondering how concerned I should be tbh.

Ed-1

jameseonline said:

So I looked at my Credit Karma app earlier and under Soft Search I've had 2 entries titled Clydesdale Bank Anti Money Laundering.

What the fudge?.

The only thing I can think of is this might be due to me manually having to open a Virgin Money Regular Saver because all my money goes through Virgin to fund regular savings accounts, easy access accounts, to go to accounts to pay bills etc, has done for years without issues.

Also Clydesdale/Virgin haven't spoke to me in regards to fraud or anything recently.

Just wondering how concerned I should be tbh.

It's just an ID check.

jameseonline

Ed-1 said:

jameseonline said:

So I looked at my Credit Karma app earlier and under Soft Search I've had 2 entries titled Clydesdale Bank Anti Money Laundering.

What the fudge?.

The only thing I can think of is this might be due to me manually having to open a Virgin Money Regular Saver because all my money goes through Virgin to fund regular savings accounts, easy access accounts, to go to accounts to pay bills etc, has done for years without issues.

Also Clydesdale/Virgin haven't spoke to me in regards to fraud or anything recently.

Just wondering how concerned I should be tbh.

It's just an ID check.

Then surely it should come up as just ID check not Anti Money Laundering?

Phoenix72

jameseonline said:

Ed-1 said:

jameseonline said:

So I looked at my Credit Karma app earlier and under Soft Search I've had 2 entries titled Clydesdale Bank Anti Money Laundering.

What the fudge?.

The only thing I can think of is this might be due to me manually having to open a Virgin Money Regular Saver because all my money goes through Virgin to fund regular savings accounts, easy access accounts, to go to accounts to pay bills etc, has done for years without issues.

Also Clydesdale/Virgin haven't spoke to me in regards to fraud or anything recently.

Just wondering how concerned I should be tbh.

It's just an ID check.

Then surely it should come up as just ID check not Anti Money Laundering?

Why surely?

https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.equifax.co.uk/resources/identity-protection/money-laundering.html#:~:text=The%20checks%20help%20banks%20make,search%20on%20your%20credit%20report.&ved=2ahUKEwjli5Lc5u-HAxUgQkEAHf6hDVoQFnoECBAQBQ&usg=AOvVaw2cb7Tx5exPtTRbBKviA7oD

CliveOfIndia

Remember that it's only you who can see soft searches, they're not visible to any other lender who checks your file.  So I wouldn't go losing any sleep over it.

Shakin_Steve

My banks often do checks like this that show up as soft searches. Nothing to be concerned about as far as I can see.

PRAISETHESUN

Given it's a search undertaken by Virgin in relation to an account you actually applied for, then I don't really think there's any reason for concern. All banks are required to undertake checks when you apply for an account, and this is how VM do theirs. Also, it's a soft search. Lenders don't see them, only you do.

jameseonline

PRAISETHESUN said:

Given it's a search undertaken by Virgin in relation to an account you actually applied for, then I don't really think there's any reason for concern. All banks are required to undertake checks when you apply for an account, and this is how VM do theirs. Also, it's a soft search. Lenders don't see them, only you do.

That's the thing though I didn't know if it was to do with me applying for their regular saver.

I've had other things show up as ID check or insurance quote or whatever, 1st time I've seen anything show up as a money laundering thing so a bit extreme no?