No... This can't be true or right

[washerboy]

Hope to god its not legal 

 

https://www.theguardian.com/money/2019/dec/07/i-lost-my-193000-inheritance-with-one-wrong-digit-on-my-sort-code

[The Mighty Prawn]

He’s got it all back now and they have paid his legal fees but there have been many of these over the years. He must bear some responsibility as it was he that gave the wrong numbers, that said it is bizarre they still aren’t checking the name of the account matches which would prevent most of these going through

[Lloyd90]

If someone was sending me £193,000 ... I’d make sure untold times that I have my account information correctly. 

 

 

[mel b3]

If someone was sending me £193,000 , I'd know that they were sending it to the wrong person. 

[johnphilip]

38 minutes ago, Lloyd90 said:

If someone was sending me £193,000 ... I’d make sure untold times that I have my account information correctly. 

 

 

Do you want me to send my details  again to make sure 🤣🤣

[Lloyd90]

6 minutes ago, johnphilip said:

Do you want me to send my details  again to make sure 🤣🤣

I have changed my mind... you can give it to charity  

[Bobba]

Always wondered about these type of transactions in that is not the recipient guilty of theft by finding? The recipient found it in his / her account, knew it wasn't theirs, made no attempt to identify the rightful owner and began to derive benefit from it. Just wondering.

[Pistol p]

If send that amount of money, always send £1 first to see if the transaction can be trusted. 

[NoBodyImportant]

I like most car collectors always deal in cash.  I have bought and been an extra gun on many transactions.  Basically as two people make their transaction I would stand back and let them work it out.  I have seen 215k cash transaction one time but see 100k plus regularly.  Almost all classic exotic car sales are cash.   

[Mice!]

2 hours ago, Pistol p said:

If send that amount of money, always send £1 first to see if the transaction can be trusted. 

And us, my misses sorts all proper money being sent,  we send the £1 then wait to see all is cleared, folk give us grief but it's much easier. 

[panoma1]

1 hour ago, NoBodyImportant said:

I like most car collectors always deal in cash.  I have bought and been an extra gun on many transactions.  Basically as two people make their transaction I would stand back and let them work it out.  I have seen 215k cash transaction one time but see 100k plus regularly.  Almost all classic exotic car sales are cash.   

If you paid for something with that sort of cash in the UK, you would likely be investigated for suspected money laundering!...seriously!

[London Best]

Car dealers will not even let you pay £15,000 in cash in UK.

[washerboy]

My uncle went to pay 15k for a car in cash and two dealerships turned him away unless he took part out on finance. He had his old car for the deposit, Toyota took his money 

 

[henry d]

 Check and see as some finance deals can get you an MOT/service deal for free but check to see that you can cancel within a few days or so as the deal stands but you must pay the outstanding amount. I was told this by a salesman and used it for my last car.

[NoBodyImportant]

6 hours ago, panoma1 said:

If you paid for something with that sort of cash in the UK, you would likely be investigated for suspected money laundering!...seriously!

Seriously? 

[panoma1]

4 minutes ago, NoBodyImportant said:

Seriously? 

Meaning I’m not bull******** you! Its a fact! 😡

[NoBodyImportant]

10 minutes ago, panoma1 said:

Meaning I’m not bull******** you! Its a fact! 😡

Now that I think of it I believe you. California and New Jersey has laws now that allow police to seize 10k if they have probable cause to believe its drug money.  Then  you have to prove it’s not to get it back.  

Edited December 8, 2019 by NoBodyImportant

[Gu5]

I was in Vegas a few years back and won a few dollars on a fruit machine, I was expecting ‘kerching, kerching, kerching’ but it went ‘buzzzz, buzzzz, buzzz’ as a barcode was printed which had to be taken to the teller desk for the cash. I was told this was due to money laundering rules as it created a paper trail. 

[NoBodyImportant]

3 minutes ago, Gu5 said:

I was in Vegas a few years back and won a few dollars on a fruit machine, I was expecting ‘kerching, kerching, kerching’ but it went ‘buzzzz, buzzzz, buzzz’ as a barcode was printed which had to be taken to the teller desk for the cash. I was told this was due to money laundering rules as it created a paper trail. 

Uncle Sam was all like, Were my money at Baby?  Yep, any winnings over 10,000k is taxable and the casino has to report it as income.  That’s why so many jackpots is $9,999.99. Because they take 12% if it’s 10k.  

[RockySpears]

14 hours ago, NoBodyImportant said:

Seriously? 

  Have you not come up against the Banksters?  I wanted to take out some cash to buy gold sovereigns., girl on the phone would not let me set up the transaction unless I gave her the reason for the withdrawl.  You cannot even go into a Bank and just get £3-4,000, they simply don't have much cash in their vaults and you have to make arrangements.

  I do this every now and then and always say it is for Hookers and Blow on a trip to Amsterdam.  The wife thinks this will get me in deep do-do one day, but I do like the stunned silence on the phone when that is the reason I give,

 

RS

[Loki]

4 hours ago, RockySpears said:

  Have you not come up against the Banksters?  I wanted to take out some cash to buy gold sovereigns., girl on the phone would not let me set up the transaction unless I gave her the reason for the withdrawl.  You cannot even go into a Bank and just get £3-4,000, they simply don't have much cash in their vaults and you have to make arrangements.

  I do this every now and then and always say it is for Hookers and Blow on a trip to Amsterdam.  The wife thinks this will get me in deep do-do one day, but I do like the stunned silence on the phone when that is the reason I give,

 

RS

The only problem with an answer like that, even in jest, is you wont know if they 'tag' your account as 'different', or your comment gets 'mis-interpreted' and you get 'interrogated'

[WestonSalop]

Anyone caught having facilitated money laundering faces very severe issues with the law. All the banks have a Money Laundering Reporting Officer. That individual is liable to a prison term if his/her bank (anyone in the bank)  is proven to have allowed cash to be laundered unchallenged. Same rules apply to anyone handling cash and doesn't challenge and then report "suspect" activity.

Certainly incidents such as those quoted by RockySpears will result in a marker being placed on their account.

[NoBodyImportant]

14 hours ago, RockySpears said:

  Have you not come up against the Banksters?  I wanted to take out some cash to buy gold sovereigns., girl on the phone would not let me set up the transaction unless I gave her the reason for the withdrawl.  You cannot even go into a Bank and just get £3-4,000, they simply don't have much cash in their vaults and you have to make arrangements.

  I do this every now and then and always say it is for Hookers and Blow on a trip to Amsterdam.  The wife thinks this will get me in deep do-do one day, but I do like the stunned silence on the phone when that is the reason I give,

 

RS

Lol

[RockySpears]

On 09/12/2019 at 16:26, WestonSalop said:

Certainly incidents such as those quoted by RockySpears will result in a marker being placed on their account.

  But I can always use the "Elon" defence;    "It was only a joke",

 

RS