Post by rgs2001uk on Feb 4, 2021 22:03:41 GMT 7
Jobsworths gone mad, words fail me.
Yesterdays email inbox from Interactive Investor.
Dear Mr XXXXXXX
In order to comply with the requirements of the Money Laundering Regulations 2017, we need some additional information from you.
We have identified that you currently reside (or have links to) a country outside the UK and EU. Thailand is a jurisdiction where there is perceived to be a heightened risk of money laundering.
This request is not intended to put you off using our services and please be assured that we are not suggesting any involvement in criminal activity on your part, however, we must collect this additional information in order to meet our regulatory obligations.
We are requesting details of your overall source of wealth and details of how you have funded (or intend to fund) your investments.
What is your source of wealth? Please tells us how you acquired your total wealth and provide evidence consistent with this description.
Example: If your total wealth has been acquired through the profits made by your company this should be evidenced by providing copies of audited accounts.
How you have funded (or intend to fund) your investments? Please provide details of the activity that generated the funds and where the funds you are investing came from.
Example: If you have funded your investments from a cash savings account and the cash was accumulated over five years from your salary, this should be evidenced by providing copies of payslips / income tax returns and a statement for the savings account.
Because we are required to collect this information, you should note that if you are unable (or unwilling) to provide the information (and documentary evidence) we require or if what you provide does not explain your source of your wealth and/or how you have funded (or intend to fund) your investments, then we may have to close your account.
Who writes this crap I ask myself.
In order to comply with the requirements of the Money Laundering Regulations 2017 What money laundering act do you refer to?
Thailand is a jurisdiction where there is perceived to be a heightened risk of money laundering. perceived by whom?
we must collect this additional information in order to meet our regulatory obligations. what regulatory obligations are you referring to?
We are requesting details of your overall source of wealth and details of how you have funded (or intend to fund) your investments. Jesus H, words fail me.
What is your source of wealth? Please tells us how you acquired your total wealth and provide evidence consistent with this description. wealth accrued from investing with your good company.
Example: If your total wealth has been acquired through the profits made by your company this should be evidenced by providing copies of audited accounts. Jesus effin Christ, you have all my records, are you now asking me to provide you with copies of what you already hold?
See above.
How you have funded (or intend to fund) your investments? Please provide details of the activity that generated the funds and where the funds you are investing came from. See above.
then we may have to close your account. Up to you, plenty of other options available.
One day later, still waiting for a reply, no effin wonder I have to pay increased fees each year, maybe the mrs was correct, just store the stash in a shoebox under the bed.
Yesterdays email inbox from Interactive Investor.
Dear Mr XXXXXXX
In order to comply with the requirements of the Money Laundering Regulations 2017, we need some additional information from you.
We have identified that you currently reside (or have links to) a country outside the UK and EU. Thailand is a jurisdiction where there is perceived to be a heightened risk of money laundering.
This request is not intended to put you off using our services and please be assured that we are not suggesting any involvement in criminal activity on your part, however, we must collect this additional information in order to meet our regulatory obligations.
We are requesting details of your overall source of wealth and details of how you have funded (or intend to fund) your investments.
What is your source of wealth? Please tells us how you acquired your total wealth and provide evidence consistent with this description.
Example: If your total wealth has been acquired through the profits made by your company this should be evidenced by providing copies of audited accounts.
How you have funded (or intend to fund) your investments? Please provide details of the activity that generated the funds and where the funds you are investing came from.
Example: If you have funded your investments from a cash savings account and the cash was accumulated over five years from your salary, this should be evidenced by providing copies of payslips / income tax returns and a statement for the savings account.
Because we are required to collect this information, you should note that if you are unable (or unwilling) to provide the information (and documentary evidence) we require or if what you provide does not explain your source of your wealth and/or how you have funded (or intend to fund) your investments, then we may have to close your account.
Who writes this crap I ask myself.
In order to comply with the requirements of the Money Laundering Regulations 2017 What money laundering act do you refer to?
Thailand is a jurisdiction where there is perceived to be a heightened risk of money laundering. perceived by whom?
we must collect this additional information in order to meet our regulatory obligations. what regulatory obligations are you referring to?
We are requesting details of your overall source of wealth and details of how you have funded (or intend to fund) your investments. Jesus H, words fail me.
What is your source of wealth? Please tells us how you acquired your total wealth and provide evidence consistent with this description. wealth accrued from investing with your good company.
Example: If your total wealth has been acquired through the profits made by your company this should be evidenced by providing copies of audited accounts. Jesus effin Christ, you have all my records, are you now asking me to provide you with copies of what you already hold?
See above.
How you have funded (or intend to fund) your investments? Please provide details of the activity that generated the funds and where the funds you are investing came from. See above.
then we may have to close your account. Up to you, plenty of other options available.
One day later, still waiting for a reply, no effin wonder I have to pay increased fees each year, maybe the mrs was correct, just store the stash in a shoebox under the bed.
