cheque

[davelrugby]

has a bank the right to investigate a cheque I paid in to my account without asking me?

[Ethel]

They have a duty to investigate suspicious activity, so yes.

If the cheque holder claims s/he never issued the cheque that has been paid into your account, then the bank must act on it.

[Fitzer]

As Ethel said they do indeed, in fact to tell you would be an offence under the anti-money laundering laws, it would be classed as tipping off.. Guess who's just finished his AML training for this year?

[davelrugby]

what if the cheque was from an insurance company when they wrote off a car, they premiun was paid from my account but they didnt qestion that

[dzug]

So what?

The premium was a relatively modest amount that you were paying out, No need to query it - or if there was it would be at the insurance company's end.

The insurance company cheque is for a sizeable amount, presumably. Under the money laundering regulations they HAVE to investigate deposits over a certain amount, or for any amount if they are suspicious of the source. You getting uptight about it will probably cause them suspicion if they didn't have it in the first place.

[davelrugby]

I don't call �2350 a sizable amount, and I'm getting uptight because I need the money to replace the car

[Markandshez]

Its all part of our new Big Brother society - and it would make no difference which political party was in charge.

GIven the choice we would all stay well away from the banks but we have little choice. The fact that most people who need to be watched deal with cash only, use business accounts to launder or dont use banks at all, no-one seems to have grasped. This is another excuse to pry which will end up in you paying more tax to the government.

The country is done for

Yes I am feeling grumpy today