Hi all, I am due to receive a large sum of money by bacs to a building society account that I rarely use, (this is pension commutation from my employer) I have been told that this may ring alarm bells (money laundering) even though it is a legitamate source, what will be their action, I don't want my money frozen(I've waited 32 years for it!!
Why not ask the BS? If you have documentary evidence as to the validity of this money, you ought to be all right, surely, but it might be as well to inform the BS it's coming, and see what they say.
There won't be a problem as the Banks can identify the Pension Company and the validity of the transaction. If there was a hold up due to unfounded suspicions about the transaction then interest would be paid to you .
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