Went to the local Post Office today to pay in the cash I have received from items I recently sold on Ebay.

They refused to allow me to put the money in my Santander bank account due to the laws on money laundering.

They said if they took the cash and credited my account, then my account would be frozen pending an investigation on where the money came from.

I don't have receipts because the buyers of my items paid cash on collection.

I give up with this crazy country.

Paying the cash in would result in my account being frozen until I prove where the money came from.

Having my account frozen would prevent me from being able to access my pension.

Not having receipts from the items I sold on Ebay implies that my bank account would be frozen for ever I would loose my pension and have nothing to live on.

Who brought in these stupid laws that assume honest people who sell honestly obtained second hand items are drug dealers?

how much was the item worth then?

I've have regularly paid in several £1000 for my neighbour and never asked or told that once!!

The total money I received for all the items I sold is £6,000.

Can you no put it in £1000 a day, £6,000 is quite a hefty sum.

I think I will keep the cash out of the bank. They invest custromers money and get interest on it whilst paying the customers no interest at all. So sod them if they don't want my money that was obtained by honest means.

I have read from the Internet that splitting the money and paying regular cash deposits into you bank is considered more suspicious that paying in one lump sum.

The banks have adopted the attitude that you are assumed guilty until proved innocent and the customer has to prove their innocence.

I think the banks should assume you are innocent and if they have suspicions that you are guilty of money laundering, it's the banks job to prove it.

Freezing an innocent customers account without any evidence of money laundering is crazy.

Regarding suspected money laundering, I had a problem recently with Paypal.

I sold some very expensive items on Ebay and the buyers paid for them via Paypal.

Next Paypal froze my account on suspicion of money laundering.

I don't understand how a seller can be laundering money because the seller isn't using

any money to buy anything.

I later discovered an entry on my credit record saying I had been checked by Paypal for

money laundering !!

That made me so angry that I cancelled the sale of the items.

I then received emails from the prospective buyers asking why their money had been returned from Paypal. I told them I had cancelled the sale due to being accused of money laundering by Paypal. Both buyers then visited me, paid me cash and took the goods. Therefore due to crazy accusations neither Ebay or Paypal received their commission from an honest seller. This country has gone completely bonkers.

Nowt to do with the country. its their own rules. They just go above and beyond to protect themselves.

I have been thinking about what would have happened if I had paid my cash into my bank.

OK my account would be frozen pending an investigation to discover where the money came from.

However, any such investigation would never come up with any evidence to prove where the money came from because I sold items cash without any trace of any transactions.

I therefore assume that my account would be frozen for ever and I would never be able to draw my

pension.

Nowt to do with the country. its their own rules. They just go above and beyond to protect themselves.

Hi renegadeimp, I think you will find it's the Government who make the money laundering laws, not the banks.

Nowt to do with the country. its their own rules. They just go above and beyond to protect themselves.

Your right about making up their own rules, most of em are not very honest anyway, (IMHO)..

Today my daughter suggested the following. She said live on your honestly obatined cash and don't draw any of your pension out of the bank. Your monthly pension will slowly build up to a hefty bank balance. Then you will probably be accused of money laundering for not drawing your pension because the bank will wonder what you are living on and suspect you of obtaining money by criminal means.

Mind you the Banks are expert in Money Laundering, bet they do not get accounts frozen!

This morning I decided to put my bank to the test.

I got my son to transfer £1000 into my account and I then paid in £6,000 in cash.

The bank was telling the truth. My account had been frozen pending an investigation for

money laundering.

I am now unable to withdraw my pension.

I cannot prove where the money came from so the investigation will never end.

I guess I will now have to sign on for JSA.

However, you must have a bank account to receive JSA, so I assume I am financially

knackered.

To be fair to the banks they are very tightly regulated by the state, and not just the UK. The U.S. manage to intimidate the banks as well, refusing them access to the U.S. market if they do not jump through hoops.

Santander are quite bad at this though , they stopped a cheque my partner paid into,his mortgage because it was over a certain sum.

I am not condoning it just saying.

Do you not have contact details for the purchasers, surely that would keep the bank happy.

Anti money laundering checks are commonplace on credit files, I have them and don't have anything like 6k.

To make things even worse I have now obtained a divorce consent order.

My ex-wife and I have agreed to share the house proceeds 50/50.

OK no problem. However, having my bank account frozen will make it impossible for

me to sell the house and pay 50% of the proceeds to my ex-wife.

The consent order clearly states that if I do not meet the conditions set out within it, then I

will go to prison for contempt of court. However, I understand that whilst I am in prison my assets

are frozen and can't be sold. I therefore assume I will remain in prison until my bank completes their investigation.

Why would it, get the solicitor to split the proceeds or if you are not using a solicitor get the purchaser to split them.

To be honest, provide details f the purchasers and it shouldn't take long.

chief, you are at risk of being part of the foil hat,conspiracy brigade.

Most financial Institutions should consider Govt Money Laundering Legislation within their operational area. They may exchange info on accounts making sig. regular cash transfers.

You mention 2 Institutions who blocked your Account for 'money laundering'. So how did they reach that conclusion?

Even if you received cash for all your e-bay items, your ads + successful bid history should provide a reasonable paper trail for your deposits.

To make things even worse I have now obtained a divorce consent order.

My ex-wife and I have agreed to share the house proceeds 50/50.

OK no problem. However, having my bank account frozen will make it impossible for

me to sell the house and pay 50% of the proceeds to my ex-wife.

The consent order clearly states that if I do not meet the conditions set out within it, then I

will go to prison for contempt of court. However, I understand that whilst I am in prison my assets

are frozen and can't be sold. I therefore assume I will remain in prison until my bank completes their investigation.

To the court : "I intend to comply fully with the court's instructions, as soon as I am able.

I am currently unable to do so, as my bank account is 'frozen', so it is not within my power to comply."

That shows a non-intentional failure to comply isn't contempt.

However, what if your ex-wife notes that you knew your actions might (would?) lead to the account being frozen?

Given how tumultuous your previous claims have been regarding the divorce, what possessed you to risk the process with getting your account frozen?

Solicitors, accountants and bank staff are obliged to follow the anti money laundering legislation, or face criminal charges.

chief, you are at risk of being part of the foil hat,conspiracy brigade.

Most financial Institutions should consider Govt Money Laundering Legislation within their operational area. They may exchange info on accounts making sig. regular cash transfers.

You mention 2 Institutions who blocked your Account for 'money laundering'. So how did they reach that conclusion?

Even if you received cash for all your e-bay items, your ads + successful bid history should provide a reasonable paper trail for your deposits.

When I sold the items on Ebay, Paypal froze my account pending an investigation regarding money

laundering. Feeling angry and insulted I cancelled the sales. Paypal then returned the money to the buyers.

Next the buyers contacted me vis email asking why I had returned their money. I explained that Paypal had returned their money due to me cancelling the sale. The buyers insisted that they wanted the items and came to my house in person, paid me cash and took the goods away. Therefore there are no Ebay or Paypal records of any transactions and impossible to prove where the cash came from.

I have no idea why Paypal suspected me of money laundering. I did find an entry on my credit report showing that Paypal did look at it.

To the court : "I intend to comply fully with the court's instructions, as soon as I am able.

I am currently unable to do so, as my bank account is 'frozen', so it is not within my power to comply."

 

That shows a non-intentional failure to comply isn't contempt.

 

However, what if your ex-wife notes that you knew your actions might (would?) lead to the account being frozen?

Given how tumultuous your previous claims have been regarding the divorce, what possessed you to risk the process with getting your account frozen?

 

Solicitors, accountants and bank staff are obliged to follow the anti money laundering legislation, or face criminal charges.

I am NOT money laundering so these problems should never happen.

I thought in this country you are considered innocent until proven guilty.

Somehow that principle has been reversed.

Now I have a legally binding divorce consent order, anything I do with any money I have is nothing

to do with my ex-wife as we have a clean break with no further financial connections.

Why would it, get the solicitor to split the proceeds or if you are not using a solicitor get the purchaser to split them.

 

To be honest, provide details f the purchasers and it shouldn't take long.

Money from a house sale MUST be paid into a bank acount. You are not allowed to receive the money

in cash.

Money from a house sale MUST be paid into a bank acount. You are not allowed to receive the money

in cash.

Why don't you set up a new bank account, Chief?

HB

Today I opened a new bank account with the Halifax so house sale proceeds can be paid into that account.

Heaven only knows what will happen to the money I have frozen in my Santander bank account.

I guess it will be frozen unless I can prove where the money came from.

Being unable to prove that, I assume I will loose my money.

So when you sold these items, there was no form of receipt for thousands of pounds?

HB

When I sold the items on Ebay, Paypal froze my account pending an investigation regarding money

laundering. Feeling angry and insulted I cancelled the sales. Paypal then returned the money to the buyers.

Next the buyers contacted me vis email asking why I had returned their money. I explained that Paypal had returned their money due to me cancelling the sale. The buyers insisted that they wanted the items and came to my house in person, paid me cash and took the goods away. Therefore there are no Ebay or Paypal records of any transactions and impossible to prove where the cash came from.

I have no idea why Paypal suspected me of money laundering. I did find an entry on my credit report showing that Paypal did look at it.

Money laundering can be disguised through sale of assets.

Ie: terrorist organisations are known to launder money through pubs & clubs as they used to be a cash rich business, and dirty cash can be cleansed at Corporation tax rates.