Transfer funds to uk

[Mynameishi]

A friend is giving me £40k from an eu country. This will be transferred from my friends eu bank account to my uk bank account. Do you know what will need to happen in terms of money laundering regulations or other regulations? Do I need any evidence of this gift or will I need to make any payments (tax?) Or other? Any guidance welcome

Do you know what the money so be used for?

if you were using it to buy a property you would need proof of where the money was coming from initially and a letter from your friend to say it’s a gift not a loan.

if it is not being used straight away you may not be asked for anything.

Probably put in a fixed term account. Not to buy a property or anything specific