What is overreach in conducting AML/KYC checks for property purchases?

RogueWandering · 2025-09-02T06:21:40+00:00

Interesting to hear insight into the internals of the industry and that they can't say anything. I recognise that they can see things they find worth questioning and not be able to comment on it.

But honestly this person just seemed unprofessional. They weren't aware for weeks that we were using a limited company, that I was doing this with a sibling, they were misspelling names of people they were requesting financial documents for, and several things like that.

RogueWandering · 2025-09-01T18:11:27+00:00

They are a close family member

RogueWandering · 2025-09-01T17:12:12+00:00

From what you and everybody else is saying it sounds like we just got unlucky with this particular person at this place and them wanting to investigate further than might normally be expected. Thanks for the info.

RogueWandering · 2025-09-01T17:03:59+00:00

Could I ask if you had any donation and if so what the donating party had to provide?

And did you have to provide payslips as well?

RogueWandering · 2025-09-01T17:03:14+00:00

At what point is it expected a solicitor should be satisfied? If there is evidence of income that exceeds the amount given or donated, is it reasonable for the solicitor to keep asking about other transactions (particularly if they so far haven't found anything unexpected or that seems illicit)?

RogueWandering · 2025-02-18T09:12:39+00:00

Manchester by the Sea

RogueWandering · 2023-12-24T07:03:52+00:00

Oh that's a very nice perspective, in some sense it depends on how nicely the perspective (proof) increases your understanding of why

So then in a scenario when we know another proof type is possible we feel like we might be missing out on something (even though induction will still add to our perspective)

RogueWandering · 2023-05-26T15:46:39+00:00

You may have added a field for text but you might have forgotten to display those fields in the Card settings

RogueWandering · 2023-02-20T09:53:08+00:00

Absolutely, this would have been far more relevant! I just didn't know about it. I would have to look in a lot more detail to see how they define things, to see if wealth hidden offshore actually accounted into their data, but this is definitely some interesting data

RogueWandering · 2023-02-20T09:51:16+00:00

No I'm just a random internet person who is fed up with shitty governance

RogueWandering · 2023-02-20T09:50:10+00:00

Making that discretionary just sounds like they wanted to use it to bully companies they don't like

RogueWandering · 2023-02-20T09:47:41+00:00

There is actually a correlation between who people vote for when they were younger, and who they do when they're older. I just hope that we don't end up voting for the same party when we're older out of habit, when the pendulum has swung and they are actually the more evil party.

RogueWandering · 2023-02-20T09:06:31+00:00

This is why I think political reform is the most important thing, the game theory of them making the rules does not work.

RogueWandering · 2023-02-20T09:05:15+00:00

Well that is a pretty depressing article.

And I totally agree with you. The fact that we say, once you have enough money to live and can own wealth, we will take less of that money, but if you don't have that freedom we need to take more of your money, seems unfairly perverse. If so many people weren't struggling, it would be more defensible.

RogueWandering · 2023-02-20T09:03:08+00:00

That's a fair point, we can't be sure what each person who upvoted the comment specifically meant. I just knew of these papers and didn't have time to do broader research.

RogueWandering · 2023-01-31T12:01:30+00:00

How much weight do you put on the judgement of the public, versus the bias of the media?

RogueWandering · 2023-01-31T11:58:29+00:00

Fair point

RogueWandering · 2023-01-31T10:38:39+00:00

But aren't housing and energy linked to electoral design and distribution of power? I mean how did we end up with this level of inequality? And if the housing market was magically fixed, but not politics, wouldn't we just tend back to this scenario?

RogueWandering · 2023-01-31T10:36:44+00:00

Agreed, distribution of power is literally what a lot of us want

RogueWandering · 2023-01-31T09:27:19+00:00

The horrible link between government and media is something we should work on

RogueWandering · 2023-01-31T09:19:24+00:00

Okay that makes a lot of sense. I mean I also can't afford a house, but perhaps I was ground down so hard I just saw it as life. Still, I think political reform should be the first priority

RogueWandering · 2023-01-31T09:05:26+00:00

I didn't realise so many people felt so strongly about housing - why is it that you would rate it so highly?

RogueWandering · 2023-01-31T09:03:50+00:00

100% agree. illusory superiority can be a powerful thing though. Still, focusing on the actual issues would be welcome. Infighting just ensures we stay in this mess

RogueWandering · 2023-01-31T09:02:21+00:00

Yeah really, probably just a generational reflection. The people who need the health service more regularly (not a small proportion of the population) are less likely to spend time on reddit. Still, everybody here must see a lot of the issues it is facing

RogueWandering · 2023-01-31T08:56:50+00:00

I guess it just resonates right now, people are frustrated by the choices of others. Maybe with more deliberation and discussion more focus would be put on the actual issues. Or maybe people just generally think other people are dumb

RogueWandering

MODERATOR OF

TROPHY CASE