£714 - How much??
Discussion
duckwhistle said:
This ID stuff is becoming nonsensical, A friend had to prove his ID to his Bank from which he had retired as branch manager a few days previously. I had recently to prove my ID to my Solicitor, a close friend since we were both 5 years old some decades ago. Meanwhile the money launderers continue with business as usual.
Don't you have to show ID every day to get into work?Even though they will have seen you hundreds of times
James_B said:
You may have missed HSBC being fined $1,900,000,000 recently for not being diligent enough in their anti money laundering checks.
Financial institutions, not being staffed by morons, noticed this, and have responded.
HSBC were not trying to facilitate financial crime, they were trying quite hard to stop it, but they were found to be not quite diligent enough, he centre the nearly two billion dollar.
Two billion dollars. Two thousand million dollars.
That's the sort of penalty that makes everyone decide to just tighten things up a bit.
Yes, it's annoying to have to prove your identity, but not half as annoying as a fine with the word billion in it.
6 business accounts with HSBC, just had the letters arrive asking me prove who I am for each one...apparently they can't use the same form for all 6 Financial institutions, not being staffed by morons, noticed this, and have responded.
HSBC were not trying to facilitate financial crime, they were trying quite hard to stop it, but they were found to be not quite diligent enough, he centre the nearly two billion dollar.
Two billion dollars. Two thousand million dollars.
That's the sort of penalty that makes everyone decide to just tighten things up a bit.
Yes, it's annoying to have to prove your identity, but not half as annoying as a fine with the word billion in it.
arfursleep said:
6 business accounts with HSBC, just had the letters arrive asking me prove who I am for each one...apparently they can't use the same form for all 6
Tell them to take a running jump!I am also baffled by the OP - the sols in this matter have obviously acted for the OP in some matter or other and have also liaised directly with the B/Soc. That is more than a simple ID check but .....
Would still like to see the bill though
arfursleep said:
6 business accounts with HSBC, just had the letters arrive asking me prove who I am for each one...apparently they can't use the same form for all 6
If the accounts are all for the same business then they can, if they are for separate businesses then they can't. There's nothing wrong with that. arfursleep said:
6 business accounts with HSBC, just had the letters arrive asking me prove who I am for each one...apparently they can't use the same form for all 6
HSBC make me tear my hair out with just one business account - don't know how you can stand having six of them with them!!Utterly useless.
XCP said:
My son went to a solicitor who checked his ID and witnessed him signing a document. 10 minutes work at most. Cost £35 plus VAT.
May depend if it goes through the books. Last time I had to do this (10 or so years back) it cost me £5 but it went straight in the solicitor's pocket 
Chris
Gavia said:
arfursleep said:
6 business accounts with HSBC, just had the letters arrive asking me prove who I am for each one...apparently they can't use the same form for all 6
If the accounts are all for the same business then they can, if they are for separate businesses then they can't. There's nothing wrong with that. I also think it is reasonable to have up to date KYC docs on file. Although I have historically managed to swerve those internally in exceptional circumstances 🙂
CraigyMc said:
International transfers involve exchange rates and charges.
But not of 100% of the amount being transferred.You can't look at $600bn transferred, and $1.9bn fined, and suggest, as above, that they came out ahead.
Spot FX will be a couple of pips from mid, no-one's paying near a percent for transferring commercial amounts.
I'll trade a few billion a day in the forward FX market, and pay a few thes of thousands to do it, not millions or billions.
arfursleep said:
6 business accounts with HSBC, just had the letters arrive asking me prove who I am for each one...apparently they can't use the same form for all 6
It's over the top, but that's the response to massive fines and threats of jail.The sanctions for misdeeds in banking are simply massive. We've had our right to silence removed, and can be convicted of a major crime now simply for not engaging actively with an investigation.
If you say the wrong thing when freezing an account, that's a crime too, and not spotting a fraud that the regulator thinks you should have picked up on is also a crime.
It's unfortunately a completely rational response to go over the top, when you are weighing up upsetting a customer against going to jail.
Hopefully the regulator will back off a bit, and offer so,e clarification soon about what is actually needed.
The fact that they rarely explain what they need causes this sort of issue, as everyone erra on the side of caution.
Slaav said:
Gavia said:
arfursleep said:
6 business accounts with HSBC, just had the letters arrive asking me prove who I am for each one...apparently they can't use the same form for all 6
If the accounts are all for the same business then they can, if they are for separate businesses then they can't. There's nothing wrong with that. I also think it is reasonable to have up to date KYC docs on file. Although I have historically managed to swerve those internally in exceptional circumstances ??
Side issue, but this thread has got to be a wind up, any challenge to the OP around providing some proof is met with a stone wall.
Edited by Gavia on Tuesday 15th August 00:53
W124Bob said:
If you have sufficient prove, could you start a small claim via the courts. Love to see the PO on "The Bailiffs Are Coming"
Except you wouldn't. The PO are merely agents for The Bank of Ireland (UK) plc who would have actually had the money and should be the first port of call for any complaints. Get straight to the organ grinder, not the monkey.Alucidnation said:
Just checking in to see if we have a pic of the breakdown of the charges yet?
I am sure it will be forthcoming as no lawyer worth calling themselves one would ever bill verbally and not confirm in writing? Would they??And I am reminded of a joke: (Shamelessly stolen from another thread on here I believe)
Q. What issue do you have if you have a lawyer up to his neck in mud??
A. Not enough mud!
... said:
Gavia said:
Side issue, but this thread has got to be a wind up, any challenge to the OP around providing some proof is met with a stone wall.
As I said way back at the start of the thread, he has a history of this. Don't feed him.Edited by Gavia on Tuesday 15th August 00:53
This is a copy of my email from the solicitor.
She says 'further correspondence'. That was an email from me to her to make contact after my meeting in her office to which she replied to acknowledge me.
This is the second and final email I've had from her.
threespires said:
... said:
Gavia said:
Side issue, but this thread has got to be a wind up, any challenge to the OP around providing some proof is met with a stone wall.
As I said way back at the start of the thread, he has a history of this. Don't feed him.Edited by Gavia on Tuesday 15th August 00:53
This is a copy of my email from the solicitor.
She says 'further correspondence'. That was an email from me to her to make contact after my meeting in her office to which she replied to acknowledge me.
This is the second and final email I've had from her.
Where have these funds come from? What other services have they provided?
Gavia said:
They have done a lot more for you and you're avoiding answering that question. No solicitor will receive your money into their client account for a simple identity verification check.
Where have these funds come from? What other services have they provided?
I'll repeat yet again.Where have these funds come from? What other services have they provided?
Santander owe me some money [where it came from is my business and not relevant]
To pay me out they asked me to go to a solicitor with docs to prove who I am.
I don't have a solicitor so chose one local to me from the 'net.
I made an appointment, went to meet Amanda with all my relevant docs.
This took about 15 mins.
Amanda the solicitor wrote to Santander to confirm my id.
I've only met Amanda once, the initial 15 min meeting.
They have sent her my money.
No more, no less. That's the whole story.
I would assume that solicitors don't handle money for free and for fun.
Therefore the fee is not just for "looking at your passport".
It may or not be reasonable for whatever other work they have done, but either way they have done other work and there's more to it than you originally suggested.
Therefore the fee is not just for "looking at your passport".
It may or not be reasonable for whatever other work they have done, but either way they have done other work and there's more to it than you originally suggested.
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