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Post by crabtree on Jul 21, 2023 12:49:39 GMT 1
A little update:
Just returned from a meeting with my bank manager, who knew nothing of what had been taking place.
She telephoned (and it took her ages to get through on her internal line, probably would have taken us mere mortals hours!) the officed concerned.
Apparently all French banks, starting from last year and running indefinately, are thoroughly checking international bank transfers for money laundering. So, this may well affect you at some point in the future.
However, I took along all my pension documents from 2007, as well as asking her to check back over recent years to see that this is a regular monthly transaction, which she did. She could not belive that they have stopped my money. Unfortunately she could not make the office concerned move any faster, so it may well be a few more days, weeks...............
The good news is that once cleared this time by the French bank apparently and I quote "It will never happen again"!!!!!!!!!!!!!
In the meantime I have contacted my pension provider and asked them to temporarily put all future payments into my UK bank accout.
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cernunnos
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Post by cernunnos on Jul 21, 2023 14:16:29 GMT 1
Strange , but , Jen, ( my wife) changed to automatic transfer of her pension ( state and private) to her CA account when Barcleys told her that her UK account was being closed . It went without problem , both pensions are put into her bank account in France each month. It does say on the transfer where they are from .
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Post by another on Jul 21, 2023 14:36:59 GMT 1
Compliance is now a nightmare in the UK too. I have recently sold a house there which had been my residence for 6 years and was then rented out for 25. I could not believe the number of hoops I had to jump through, right down to having a copy of my UK birth certificate officially certified by a notaire. Even she was dumbfounded by that one. Not to wander off topic but when we sold in France we had the notaire transfer the funds direct to our new bank in Spain who we'd already alerted that it was coming. All went without a hitch and the money was there before we were in our hired moving van. "In the meantime I have contacted my pension provider and asked them to temporarily put all future payments into my UK bank account." Get a Wise account and flip the bird to the medieval French banking system! |
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Post by crabtree on Jul 21, 2023 15:42:52 GMT 1
Strange , but , Jen, ( my wife) changed to automatic transfer of her pension ( state and private) to her CA account when Barcleys told her that her UK account was being closed . It went without problem , both pensions are put into her bank account in France each month. It does say on the transfer where they are from . This is apparently new since last year, a French government directive.
If you tell the bank before the transfer happens, with proof of where the funds come from, then all will be fine. My transfers state the name of the sender, and it has been the same sender for sixteen years!
If you don't inform them before you set up the transfer then they are likely at some point (not necessarily straight away) to have the transfers blocked (they keep the money until it is sorted, they do not return it to sender). This is from my bank manager's mouth this morning.
In my case this has been a permanent transfer since 2007, so these controls were not set up back then. So the bank has never had proof of where the funds come from.
I am now interested in how much longer these 'checks' will take, now that they have had this proof for ten days.
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Veem
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Post by Veem on Jul 21, 2023 16:03:18 GMT 1
Compliance is now a nightmare in the UK too. I have recently sold a house there which had been my residence for 6 years and was then rented out for 25. I could not believe the number of hoops I had to jump through, right down to having a copy of my UK birth certificate officially certified by a notaire. Even she was dumbfounded by that one. Not to wander off topic but when we sold in France we had the notaire transfer the funds direct to our new bank in Spain who we'd already alerted that it was coming. All went without a hitch and the money was there before we were in our hired moving van. "In the meantime I have contacted my pension provider and asked them to temporarily put all future payments into my UK bank account." Get a Wise account and flip the bird to the medieval French banking system! Fortunately, none of my recent experience involved a French bank, but dealing with a UK auctioneer, estate agent and solicitor is not something I'd care to repeat. |
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Post by crabtree on Jul 27, 2023 12:30:31 GMT 1
Final Update
Finally received my pension today, just over two weeks since it was blocked.
Never had one update in that time, despite me giving them more evidence of where the money came from.
I set them a bit of a snotty message this morning, and their reply was just that it had been a random inspection.
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Post by jackie on Jul 27, 2023 13:43:59 GMT 1
Sounds like a case of ‘Computer says no’
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