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Money Laundering Regulations

Last post Fri, Mar 20 2009, 12:45 AM by conmankiller. 1 replies.
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  •  Thu, Mar 19 2009, 8:12 PM

    Money Laundering Regulations

    Hello everyone,

    I am in the process of buying a house for cash and my solicitor wishes to see my bank statements showing my funds etc to meet Money Laundering Regulations. Fair enough, I have nothing to hide! But all of my money is in high interest (sic) internet accounts which don't issue statements and I can't wait a week or more for the money to be transferred to my current accounts and for statements to arrive through the post as I must exchange and complete next week.

    Are there any other mechanisms of verifying my identity and funds for MLR as my solicitor doesn't seem to have a clue? If I can't sort this out I may lose my dream home!

    :-(

    Many thanks in advance!

    'Johnny Cash'

    • Post Points: 20
  •  Fri, Mar 20 2009, 12:45 AM

    Re: Money Laundering Regulations

    Failing you logging into your online accounts actually in front of him so he can verify and see the balances held in your name, then a simple printout of your online statements should suffice......or let the Solicitor telephone the banks whilst you're present to give any access passwords required, then let him hear how much funds are held in your accounts for himself.

    • Post Points: 5