Quote:
Originally Posted by KarlS
Reason is money laundering. Dirty Money but watch - sell watch to WF - money arrives in your account and now clean.
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that makes sense. I just find it odd that i have to bring in a bank statement because that same bank account is where they are depositing the money anyway as its not like they are paying for watches in cash. They have my sort code and account number.
Im happy to comply but it all seems a bit redundant when they have my bank details in order to pay me and any relevant authority could locate me based on that info surely. But i don't have an offshore account so i don't know how those super secret ones work, maybe they are not as traceable.
In any case its interesting as it is a recent change.
Im betting requesting payment in cryptocurrency is probably a non starter then
