Re: Suspicious Activity Report
 

:eeek:

:D

Re: Suspicious Activity Report
 

We looked this up a few months ago on gov.uk and from what I remember you can give them as much as you like if its coming from income and not affecting your lifestyle.
If its coming from your capital then I think the limit per grandchild is £1000.

Re: Suspicious Activity Report
 

I could be wrong but I think the local cosa nostra is called the Cardiff Tafia :erm:

Re: Suspicious Activity Report
 

That's correct and it hasn't been updated since it was introduced years ago.

Whenever I tried to report suspicious transactions years ago in a previous role the police were totally uninterested, so I stopped bothering.

---------- Post added at 18:05 ---------- Previous post was at 18:02 ----------

Typical. They go after potential petty tax evasion whilst allowing rich people and companies to effectively decide whether to pay tax or not and if so, by how much.

Re: Suspicious Activity Report
 

Had my bank question me why I wanted to take £2000 of my own money out in cash. Told them it's none of their business and they said that was ok but they had to ask.

So it's not just putting money in.

Let them try and link a bitcoin wallet to me and question me about incoming and outgoings. Not happening :)

Re: Suspicious Activity Report
 

Is this really a surprise? Why is anyone surprised that 'they' want to bring an end to cash transactions? 'They' continue to push 'tap and go' cards (which aren't secure), debit cards, credit cards etc. for a good reason. It's all a bit like selling us the dream of cheap electric cars - when there's no alternative the cost will rise, they'll no longer be cheap and and we'll have no alternative. IMHO this is far more about 'them' controlling us than trying to maximise the tax take.

Oh and before anyone offers me a tin foil hat, just check that you can see beyond the end of your nose.... ;)

Re: Suspicious Activity Report
 

There was a big queue at the ASDA bureau d'exchange earlier (the £ went up against the euro). One by one they got to the front of the line, looked puzzled and left fuming (and some were swearing).

A handwritten notice said " All cash transactions to buy foreign currency over £850 require passport or national ID, plus proof of domicile. All transactions over £1850 require the same plus valid travel documents for a minimum 5 day stay outside the UK."

Re: Suspicious Activity Report
 

And it's best to keep the transaction printout if you want to exchange the currency back again after the holiday otherwise you get the same rigmarole all over again. :rolleyes:

Re: Suspicious Activity Report
 

Hasn't the requirement for proof of identity been required for foreign exchange been required for a while. I've always had that asked of me for sums less than £850.

Re: Suspicious Activity Report
 

All this fuss about money laundering and tax evasion yet I've just seen yet more cases of debtors settling debts to High Court Sheriffs, this time with £8k and £1500 in cash. No questions asked about where the money had come from or whether any tax had been paid on it. :shrug:

Despite all the money laundering hoops we have to jump through nowadays, some sections of society seem more than able to conduct their affairs and deal with the courts in cash and nobody gives a stuff.

Re: Suspicious Activity Report
 

Debtors settle debts ? Obviously up to no good then, probably lefty hypocrites too I should think :rolleyes:

Re: Suspicious Activity Report
 

Yup, the usual suspects ;)

Re: Suspicious Activity Report
 

It hasn't become illegal to keep your money under the mattress yet..However if you can't prove where you got it you may well have problems if it get's stolen and you report the theft.

Re: Suspicious Activity Report
 

That's the point I was making. These people weren't asked to explain where it all came from at all. Try buying something with a wad of thousands in cash and see how far you get. I don't have any issue at all with anyone having that amount of cash I'm just wondering why they never seem to be asked where it came from even though it all looks very suspicious and in many cases has probably never been declared to HMRC. :shrug: