Barclays Account under review (RG21M)

[ziake]

 

Hey everyone,

 

On 10/05, I received an email from Barclays asking me to fill in a "response form" regarding a £200 incoming payment that they wanted clarification on.

 

Here's what happened:

On 09/05, I sold some cryptocurrency through a peer-to-peer transfer on Binance (I know, not the smartest move and very much regret it now).

The very next day, my Barclays account was frozen.

I have all the receipts and documentation for the transaction.

I did indeed expect the payment to come in, but I'm unsure if my account is now under review because the money came from a stolen account (the real owner reported it) or for other anti-money laundering (AML) reasons. If they reverse the payment, I'll lose both my GBP and crypto, so really I am the VICTIM. 

 

Today I used the automated telephone service and found out that the £200 was transferred on 12/05 with the reference "Funds removed, jersey center."

Has anyone else had a similar experience?

 

My other account balances remain unaffected, unlike some of the threads I've come across where people had their accounts overdrawn by significant amounts like 500k.

 

I'm really worried right now, especially after hearing stories of people being unable to retrieve their funds and being marked by CIFAS.

Should I be concerned?

Can anyone reassure me that I won't be flagged by CIFAS if I'm genuinely innocent and unknowingly received "dirty" money?

 

What should I do now? 

 

Any advice or insight would be greatly appreciated.

Thanks in advance!

 

[ziake]

anyone please?

[honeybee13]

Hello, welcome to CAG.

 

We've seen this plenty of times before and as far as I know, everyone has had their money restored. But I don't remember a stolen account being involved.

 

My guess is that CIFAS won't be involved but I would suggest you read lots of other threads in the Barclays sunforum here where other people have had the same concern. Sadly we don't have any 'insight' because the banks aren't even allowed to tell their customers that they suspect money laundering. All we can do is observe the outcome of people who come here asking for help.

 

In terms of what you can do now, a lot of reading of other people's threads which can inculde CIFAS questions, open a 'parachute account' for incoming salary or other money and wait for Barclays to do what they do. It might be worth writing to their chief exec as others have recently; this may or may not make a difference but you would feel you've done something proactive.

 

Best, HB

[ziake]

thanks! i’ve just gone to the branch and basically been told that my account has probably been reported for “scam”. This is just ridiculous because i sold my crypto… lol 

[BazzaS]

I’m surprised they said anything : usually if there is any concern / it has tripped an “anti-money laundering” (AML) alert, they can’t tell you (there is a criminal offence of “tipping off”)

 

So, this may not be AML, and might be concern of scam / fraud.

[fkofilee]

Barclays are clamping down hard on Crytpo etc - High Risk Pretty sure they have an internal policy to do this if they see Crypto cash ins or outs. 

Had this happen to a friend, got his account and money back but they held onto it for a while. 

Depends on the amount and the risk. 

 

May close your account, bank elsewhere. 

[ziake]

do you know how long they held it for?

[fkofilee]

It varies - Larger transactions can result in a further investigation time and its not just Crypto. 

[ziake]

Update today: been 2 weeks and still nothing. Stressed is an understatement. 

[dx100uk]

as stated can be anything from 10 days to over a month.

 

dx

 

[ziake]

22 days now and still nothing. Im fed up at this stage tbh

[dx100uk]

oh well nothing you nor us can do going by all the previous threads.

 

dx