From: "Marcus Fox" 
Newsgroups: uk.finance
Subject: Re: BACS receipt cut off time
Date: Sat, 30 Oct 2004 05:26:28 GMT


"Chris"  wrote in message
news:2ufvfdF2aafhpU1@uni-berlin.de...
> "Eric Jones"  wrote in message
> news:clu8h3$d31$1@hercules.btinternet.com...
> >
> > >
> > > You could be right, in that they might try to establish source of
funds
> > before sending on funds. A friendly word with your account manager
should
> be
> > enough to clarify matters.
>
> I had to try to contain my laughter there, I suppose if that is what the
> reporting policy say then that is what they have to do, I know if auditors
> or solicitors report things that they pick up to NCIS then they can't do
> things like sign off accounts or complete conveyances until it is cleared
by
> NCIS and just have to delay to the client.
>
> > You don't quote what the substantial amount is but
> > your actions are similar to that of money laundering ie an account with
> > normal small balance suddenly credited with a large sum and immediately
> > transferred out again.
>
> Lets just say enough to you could probably buy a reasonable 2 up 2 down
> house in somewhere like stoke on trent.

With that amount I would definitely be expecting them to do some checking.

Marcus