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Anti money laundering laws

  • 30-08-2018 3:18pm
    #1
    RV2
    Registered Users, Registered Users 2 Posts: 11 ✭


    To pay for a product I have been asked to transfer 20,000 Euro, via a Bank of Ireland bank draft, to a numbered Swiss bank account. Would this be against of anti money laundering laws?


Comments

  • #2
    srsly78
    Registered Users, Registered Users 2 Posts: 7,157 ✭✭✭srsly78


    Yes, and also against Nigerian Prince laws.


  • #3
    Jim2007
    Moderators, Business & Finance Moderators Posts: 10,606 Mod ✭✭✭✭Jim2007


    RV2 wrote: »
    To pay for a product I have been asked to transfer 20,000 Euro, via a Bank of Ireland bank draft, to a numbered Swiss bank account. Would this be against of anti money laundering laws?

    Is not even possible! You can’t transfer a bank draft anywhere, it’s a cheque drawn on a bank rather than on a person. You give it to the other party and they deposit it in their bank.

    Here is the thing about numbered accounts, they don’t exist! Since the late 90s we require to know the fully identity of the client and will have not hesitation to disclose full details to the Swiss state and in most cases the authorities in other EU/EEA states, if required. So called numbered accounts are issued to private individuals for private used. Any attempt to use it as you suggest would trigger a money laundering investigation. And yes I work in Swiss banking, have done for about 25 years.

    Don’t know what you are up to but this is a load of bull!


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