Accounts frozen, money laundering or what?

[justasking111]

An old boy we know has had his bank accounts frozen, the bank have refused to tell him why. Any money coming in after the date they were frozen is ok anything before that date he cannot access.

Ideas anyone???

sounds like money laundering regulations - he needs to go into the bank probably and speak to them, take id - passport and various bills not water for some reason and if that money was moved into the account recently evidence of where it came from might be useful etc

It is his pension that has come in and he gets a bit from someone who uses his boat mooring and has done for years. It really is odd. I wonder if it is mistaken identity.

He has been into the bank they cannot help.

It may be identity theft, but the bank won’t be allowed to tell him anything.

Usually the bank will be waiting for the NCA (National Crime
Agency) to tell them what they can or can’t do.

If they are waiting for the NCA, usually 30 day period, but u dear Money laundering regulations 2017 this can be extended, i think, twice

Is the bank really not allowed tell him anything?

Don't know what I would do in this situation!