Potential Scam, Money-laundering while selling car

[benallen123]

Hi guys and girls,

I'm selling my BMW 640d and a nice chap turned up today to have a look.

All was good until we started talking about deposits and transferring funds.

We settled on £10k, however he started saying some strange things. For example when asked if I would take cash, I said yes but I would like to pay it directly into my bank, the guy said "I wont go in the bank, cant be seen in a bank". He's also adamant that he'll struggle to pay via bank transfer "I'll have to ask a mate to help". He also said do you know what WBAC are offering"? Which I thought was a strange thing to say, also very interested in number of owners, but not interested in driving the car, or seeing the history.

So, what do you think? I guessing this is a straight forward buy with dirty cash and then sell on WBAC to get it clean.

Where would I stand if the car was bought with "dodgy cash"

Thanks

[Saleen836]

At a guess without a car and without the money

[SimonTheSailor]

[quote=benallen123

Where would I stand if the car was bought with "dodgy cash"

Thanks
[/quote]

You wouldn't be standing - you'd be bent over with ya troosers around ya ankles....

[Freddie Fitch]

So, what are WBAC offering?

[Muzzer79]

benallen123 said:

So, what do you think? I guessing this is a straight forward buy with dirty cash and then sell on WBAC to get it clean.

Where would I stand if the car was bought with "dodgy cash"

Thanks

A scam is protectable but I don't see how you can avoid someone buying your car with illegitimate money.

As a private seller, you're dealing in cash or a wire transfer. You have no way of checking where that money came from.

As long as the cash is genuine, you deposit it and your life goes on. You've made a legitimate sale?

[General Price]

benallen123 said:

Hi guys and girls,

I'm selling my BMW 640d and a nice chap turned up today to have a look.

All was good until we started talking about deposits and transferring funds.

We settled on £10k, however he started saying some strange things. For example when asked if I would take cash, I said yes but I would like to pay it directly into my bank, the guy said "I wont go in the bank, cant be seen in a bank". He's also adamant that he'll struggle to pay via bank transfer "I'll have to ask a mate to help". He also said do you know what WBAC are offering"? Which I thought was a strange thing to say, also very interested in number of owners, but not interested in driving the car, or seeing the history.

So, what do you think? I guessing this is a straight forward buy with dirty cash and then sell on WBAC to get it clean.

Where would I stand if the car was bought with "dodgy cash"

Thanks

If they don't want to pay it in at the branch I think that means it's more likely counterfeit rather than dirty.

[Carbon Sasquatch]

You're OK regardless.

If he doesn't want to come into the bank, then fine, but he's not getting the keys or V5 until the money has been paid in by you. He can sit outside & wait.

If >£10k you will likely be asked the source of the funds - and you just tell them you sold a car. Unless you're doing it every week, it's unlikely to raise any concerns.

[SpeckledJim]

I'd happily take his cash. Until he said he couldn't go to a bank, or make a bank transfer.

After those little gems, I don't trust him as far as I can throw him and unless he can find a way to make a bank transfer, I can't sell him the car.

[maz8062]

Carbon Sasquatch said:

You're OK regardless.

If he doesn't want to come into the bank, then fine, but he's not getting the keys or V5 until the money has been paid in by you. He can sit outside & wait.

If >£10k you will likely be asked the source of the funds - and you just tell them you sold a car. Unless you're doing it every week, it's unlikely to raise any concerns.

This

Don’t over think it. As long as the bank accept the money as legit and you issue a receipt (you could ask for ID to match the address you’ll be adding on the V5) Deal and move on with your life.

[QJumper]

Can't be seen in a bank, and would struggle to pay by bank transfer. What could possibly go wrong?

[village24]

You can get a counterfeit note pen which you strike on each note and it will change colour if they're counterfeit, it also has a UV light too.

Best way to proceed would be to agree a deal and say until funds are cleared by the bank you aren't releasing keys or documents/receipt. If said buyer turns away from the sale you know its either dirty money or its counterfeit money.

I'm also pretty sure they won't be able to sell to wbac for 6 months as they check the log book to ensure you've owned for a minimum of 6 months

[Terminator X]

How would anyone know the cash was "dodgy" assuming that you don't mean forged? Once the chap hands it to you who knows where it came from.

TX.