Money Laundering regs - Page 3

Nuno · #21 26th March 2012, 18:48

God, that Coutts story is a load of old cods. BBC - up to speed on those bicyclettes.

Most of the Swiss banks only survived the 2008 crash because they accepted shed loads of drug money, in cash, a lot through USA branches. A significant amount was funneled through London, and Germany; Italy and Spain had a share too.
So governments in the UK, the USA and all over the EU turned a blind eye then; who peed off the FSA to have a pop at Coutts?
Still, the odd multi million bribe from a Mexican drug lord is nothing to be sniffed at...

OK, I'm getting my coat.

Alice6541 · #22 11th April 2012, 05:51

These regulations are indeed involving and is something that the government has to look into. Otherwise much more precious time shall be lost in here at the expense of nation building.

supernova33 · #23 14th April 2012, 18:07

Quote:

Originally Posted by scm5436

Next someone will be suggesting it's ok for the police to enter anybody's property at any time without any reason to search for drugs/guns/whatever

aren't they allowed to do so already? I have the feeling they are..

However I see the point, I haven't come across personally the pain of having to do with this Money Laundering Regs but this is already in place in Italy (my country) since ages ago and in spite people can still find a way out of it, it's making things a little under control!

Shame the only ones who don't have to do with these regulations are political parties and financial associations.. it makes no sense!!

MrCloser · #24 14th April 2012, 23:23

Quote:

Originally Posted by Nuno

God, that Coutts story is a load of old cods. BBC - up to speed on those bicyclettes.

Most of the Swiss banks only survived the 2008 crash because they accepted shed loads of drug money, in cash, a lot through USA branches. A significant amount was funneled through London, and Germany; Italy and Spain had a share too.
So governments in the UK, the USA and all over the EU turned a blind eye then; who peed off the FSA to have a pop at Coutts?
Still, the odd multi million bribe from a Mexican drug lord is nothing to be sniffed at...

OK, I'm getting my coat.

They still have their snouts in the trough after stealing and covering - up the holocaust money.

Nuno · #25 17th April 2012, 12:57

Quote:

Originally Posted by Morningwalker

Money laundering is not a simple concept. It's two simple concepts, Classic Money Laundering and Modern Money Laundering

A good point, well put.
I shall henceforth only use Classic Money Laundering when dealing with profits from Classic Coke.

MatthewLM · #26 19th April 2012, 18:33

For those that have been propagandised by the "terrorism" story:

Who are the terrorists? I would say government is the largest terrorist organisation to be worried about.

Also why do people come from abroad in attempt to kill us? Perhaps it has something to do with foreign policy and aggressive wars overseas? Any logical person would see that war is the main cause of this terrorism and hence they should be stopped. Money laundering regulations wont do anything. It's clearly all about exercising control over innocent citizens.

Wasworkinallweek · #27 6th June 2012, 05:48

i receive two payments of £2550 from a tennant one as a deposit one as rent in advance both transfered from his savings account to his business account (same bank) to my bank on the same day .
One payment was held up to be 'looked at ' due to money laudering regs .
now it had left his bank and was in limbo for 7 days ,who gets the interest ?

David Griffiths · #28 6th June 2012, 21:34

Quote:

Originally Posted by Wasworkinallweek

now it had left his bank and was in limbo for 7 days ,who gets the interest ?

24p before tax? If that's all you've got to worry about, you're a lucky person.

bbbbb · #29 6th June 2012, 21:50

Quote:

Originally Posted by David Griffiths

24p before tax? If that's all you've got to worry about, you're a lucky person.

Look after the pennies and the pounds look after themselves

Wasworkinallweek · #30 7th June 2012, 06:54

principles

ok so say that money took out your overdraft and a direct debit or cheque payment was declined
suddenly a lot more than 24p

the other question is why bother looking at a perfectly straight forward transaction with a screamingly easy paper trail for that period of time ,surely it can be done in an hour or maybe 2 at the very most or is it the fact that they can tick one off the list as another investigation done ....