WebFeb 9, 2024 · Can banks ask where your money comes from UK? Not only can they do it, they are legally obliged to ask about any large or unusual amounts paid into an account. If you are unable to show where the money came from they are also legally obliged to inform the relevant authorities who may wish to investigate. This is done to prevent money … WebMaybe they are looking for a new line of work, or a date. Tellers ask because it is an easy way for banks to demonstrate compliance with anti-money laundering statutes. There is no law that specifically requires a …
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WebScore: 4.8/5 ( 20 votes ) Yes they are required by law to ask. This is what in the industry is known as AML-KYC (anti-money laundering, know your customer). Banks are legally … WebFeb 9, 2024 · Score: 4.9/5 (33 votes) . Yes they are required by law to ask.This is what in the industry is known as AML-KYC (anti-money laundering, know your customer). … should you take zinc in the morning or night
Can a bank ask where you got money? - cgaa.org
WebIt is in accordance with the bank’s crucial role in battling the funding of terrorism, drug trading, and vast financial crimes in any way. Possible transactions that could prompt the teller to ask you questions include: Deposits and withdrawals that concern huge sums of money. Large deposit of funds to a usually low-balance bank account. WebMar 12, 2024 · Once you dispute an unauthorized transaction, the bank has 10 days to investigate. If the transaction involved a merchant, it's also a good idea to contact the merchant and dispute the purchase ... WebScore: 4.4/5 ( 43 votes ) Yes they are required by law to ask. This is what in the industry is known as AML-KYC (anti-money laundering, know your customer). Banks are legally required to know where your cash money came from, and they'll enter that data into their computers, and their computers will look for “suspicious transactions.”. should you take zoloft at night or morning