Barclays Debit TO RECONCILE COVENTRY OPS 05 ADV***Resolved***

[Jafer]

Dear Members,

I am resident in the UK,

 

 

I have a business account and I transferred money from my country to my business account

by exchange company registered in the UK,

 

 

they deposited it in cash in Barclays bank with all required documents

to show that the money is my own money

 

 

the exchange company provided me an official document to show

that they deposited the money came from my country,

 

 

on the second day I found the money in my account,

after ten days I checked the account,

the balance was £0.0.

 

Barclays took the money and wrote in the statement

(Debit TO RECONCILE COVENTRY OPS 05 ADV),

I asked the bank, they do not have answers.

 

Please advise,

 

Thanks

 

Jafer

[dx100uk]

they suspect fraud I bet

[Jafer]

Dear dx100uk,

 

It is my money, the exchange company gave the bank all documents. What can I do?

 

Thanks

[AndyOrch]

http://www.consumeractiongroup.co.uk/forum/showthread.php?428955-Barclays-bank-withdraw-all-funds-and-leave-me-%A35-Million-over-drawn

 

&

 

http://www.consumeractiongroup.co.uk/forum/showthread.php?424016-Barclay-s-withdrawn-all-my-money-and-left-me-%A33-500-in-debit

 

It will be with regards to anti-laundering checks.

[slick132]

Hi Jafer and welcome to CAG

 

This is far more likely to be about Anti Money Laundering Regs which compel the bank to carry out checks and report to the authorities as required.

 

Generally, we've seen accounts frozen from several days up to a week or two, after which the a/c is restored.

 

Depending on the nature of your busines and transactions, the bank may let you maintain the a/c, or they may tell you it's being closed.

 

So it may be worth looking at alternative arrangements fast.

 

[martin2006]

http://www.consumeractiongroup.co.uk/forum/showthread.php?416867-Barclays-closing-and-froze-my-business-account&p=4462435&viewfull=1#post4462435

 

Have a read here, it does appear that it is an anti money laundering action and if there is no problem, should be placed back in your account in a few days

[Jafer]

Hi Jafer and welcome to CAG

 

This is far more likely to be about Anti Money Laundering Regs which compel the bank to carry out checks and report to the authorities as required.

 

Generally, we've seen accounts frozen from several days up to a week or two, after which the a/c is restored.

 

Depending on the nature of your busines and transactions, the bank may let you maintain the a/c, or they may tell you it's being closed.

 

So it may be worth looking at alternative arrangements fast.

 

 

Thanks a lot,

Shall open another business bank account before their outcome to save the time.

I did complaint on 4th Apr with Barclays and I am waiting for their answer.

[Jafer]

Dear martin2006

Thanks a lot,

The exchange company has a licensed money laundering staff, they did the remittance. Barclays has to contact the exchange company for additional documents, the company said that they are ready to discuss with barclays, because they deposited the money.

[Jafer]

Dear dx100uk,

They suspect it is fraud, but it is my money, Barclays should ask me before freezing my account.

Thanks,

[fkofilee]

Dear dx100uk,

They suspect it is fraud, but it is my money, Barclays should ask me before freezing my account.

Thanks,

 

Incorrect there... They dont have too...

They are authorised to do so in these situations, however, i understand how you feel and maybe time to throw in a complaint to the top.

 

[email protected]

[email protected]

 

it may help to get issues resolved quicker. But it may not. The option is there...

[BazzaS]

Dear dx100uk,

They suspect it is fraud, but it is my money, Barclays should ask me before freezing my account.

Thanks,

 

1) they don't have to ask you before freezing the account

2) in fact they MUSTN'T ask you, or inform you they think it might be money-laundering, if that might "tip you off", IF that is what is happening.

 

http://www.icpa.org.uk/portal/money_laundering/tipping_off

Proceeds of Crime Act: Section 33A Tipping Off: regulated sector

 

1) A person commits an offence if –

a) the person discloses any matter within subsection (2);

b) the disclosure is likely to prejudice any investigation that might be conducted following the disclosure referred to in that subsection; and

c) the information on which the disclosure is based came to the person in the course of a business in the regulated sector.

 

2) The matters are that the person or another person has made a disclosure under this Part –

a) to a constable,

b) to an officer of Revenue and Customs,

c) to a nominated officer, or

d) to a member of staff of the National Crime Agency authorised for the purposes of this Part by the Director General of that Agency,

of information that came to that person in the course of a business in the regulated sector.

 

3) A person commits an offence if –

a) the person discloses that an investigation into allegations that an offence under this Part has been committed is being contemplated or is being carried out;

b) the disclosure is likely to prejudice that investigation; and

c) the information on which the disclosure is based came to the person in the course of a business in the regulated sector.

 

The penalty for tipping off can be an unlimited fine and or imprisonment of up to 5 years.

[Jafer]

Dear All,

The money came back to my account.

Thanks for your help

[AndyOrch]

Glad to hear Jafer...will amend your thread title.

 

Regards

 

Andy

[slick132]

Hi Jafer,

 

Any comments or info from the bank about this matter ?

 

[Jafer]

They did not tell me anything. After complaint, they checked all my documents and they gave me a tracking number to check online, ten days after the complaint I found the money in my account without any reason.

Thanks

[tobyjugg2]

If this is transfers from Iraq, Libya or Syria I believe they are likely much more closely monitored, with any hint of irregularity or suspicion causing a hold while it is investigated.