Fazer Owners Club - Unofficial

General => General => Topic started by: 69oldskool on 26 January 2014, 11:11:50 am

Title: Some advantage in being one of the terminally skint?
Post by: 69oldskool on 26 January 2014, 11:11:50 am
http://beforeitsnews.com/economy/2014/01/second-major-banking-crash-imminent-hsbc-bank-2589488.html (http://beforeitsnews.com/economy/2014/01/second-major-banking-crash-imminent-hsbc-bank-2589488.html)
 
http://www.bbc.co.uk/news/business-25861717 (http://www.bbc.co.uk/news/business-25861717)
 
 
 
 
Title: Re: Some advantage in being one of the terminally skint?
Post by: Phil on 26 January 2014, 11:42:27 am
[url]http://beforeitsnews.com/economy/2014/01/second-major-banking-crash-imminent-hsbc-bank-2589488.html[/url] ([url]http://beforeitsnews.com/economy/2014/01/second-major-banking-crash-imminent-hsbc-bank-2589488.html[/url])
 
[url]http://www.bbc.co.uk/news/business-25861717[/url] ([url]http://www.bbc.co.uk/news/business-25861717[/url])


Anti Money Laundering. £3000 limit is a bit over zealous though.
Title: Re: Some advantage in being one of the terminally skint?
Post by: 69oldskool on 26 January 2014, 11:55:11 am
Money Laundering: "The process of taking the proceeds of criminal activity and making them appear legal"
 
So that's exact opposite of taking legitimate funds out of the bank & spending them,No?
 
I guess if you were then to spend this legitimate cash on criminal activity you'd be right in calling it 'anti money laundering'  :rollin :rollin
 
Title: Re: Some advantage in being one of the terminally skint?
Post by: fazersharp on 26 January 2014, 12:31:13 pm
Its got nothing to do with money laundering whatso ever - that is just a cover story and misinformation put out to cover the real reason,
Title: Re: Some advantage in being one of the terminally skint?
Post by: 69oldskool on 26 January 2014, 12:50:39 pm
...carry on Fazersharp.
 
 i'm thinking if the bank's been hacked surely restictions on EFT's would be more in order?
Title: Re: Some advantage in being one of the terminally skint?
Post by: fazersharp on 26 January 2014, 12:53:31 pm
Whats EFTs
Title: Re: Some advantage in being one of the terminally skint?
Post by: 69oldskool on 26 January 2014, 01:00:50 pm
sorry,
         'Electronic Financial Transactions' , anything bar cheques & cash i guess.
 The sort of thing i'd expect a hacker to defraud an account with.
Title: Re: Some advantage in being one of the terminally skint?
Post by: fazersharp on 26 January 2014, 01:07:44 pm
The hack was to get the personal info to sell to others

Don't go spoiling my conspiracy with your efts
Title: Re: Some advantage in being one of the terminally skint?
Post by: 69oldskool on 26 January 2014, 01:13:05 pm
The hack was to get the personal info to sell to others

Don't go spoiling my conspiracy with your efts

I wouldn't want to do that.  :D :D 
Title: Re: Some advantage in being one of the terminally skint?
Post by: Grahamm on 26 January 2014, 01:17:02 pm
Whats EFTs

Electronic Fund Transfers, ie shifting money from one account to another via the internet etc.

I think that original article is just someone scaremongering following bad practice from HSBC. Presumably the bank is trying to stop eg pensioners being conned out of life savings by cowboy builders who want large payments in cash, but they went about it the wrong way.
Title: Re: Some advantage in being one of the terminally skint?
Post by: fazersharp on 26 January 2014, 01:21:06 pm
The bigger picture is dont belive anything you are told by banks,
Title: Re: Some advantage in being one of the terminally skint?
Post by: 69oldskool on 26 January 2014, 01:44:48 pm
The bigger picture is dont belive anything you are told by banks,

I second that motion! ;)
 
... a legitimate point about pensioners & cowboy builders.
 
But Pensioners are being conned out of there life savings.
 Next to zero interest rates on their life savings v's rate of inflation,
The Govt's printing money like it's going out of fashion, which leads to each pound being worth less (sooner or later)
 
I'm not deliberately trying to be argumentative folks,honest.
Just working on the theory Bikers are free spirits & trying to get you to think it all through a bit, just in case some of you do have some money... mines pretty much all spent after payday weekend ;)
 
 
 
Title: Re: Some advantage in being one of the terminally skint?
Post by: Andy FZS on 26 January 2014, 03:23:53 pm
I'd better draw my money out of the bank and buy a new bike then...........my wife seems to object, something about a new kitchen, but, bless her, she going to save me some money by letting me fit it myself. 
Title: Re: Some advantage in being one of the terminally skint?
Post by: goldfazer on 26 January 2014, 05:51:56 pm
'The Govt's printing money like it's going out of fashion,'

Some months since they did that. Do try and keep up :)
Title: Re: Some advantage in being one of the terminally skint?
Post by: 69oldskool on 26 January 2014, 07:26:51 pm
looks up to me :D  mind you, maths wasn't my best subject :\
Title: Re: Some advantage in being one of the terminally skint?
Post by: Phil on 26 January 2014, 07:56:48 pm
Money Laundering: "The process of taking the proceeds of criminal activity and making them appear legal"
 
So that's exact opposite of taking legitimate funds out of the bank & spending them,No?
 
I guess if you were then to spend this legitimate cash on criminal activity you'd be right in calling it 'anti money laundering'  :rollin :rollin

I meant Anti Money Laundering measures by the bank, not the oppersite of money laundering. There are laws in place about handling cash which banks have to follow. If they stopped him taking out that amount I think they were being over zealous or suspect something strange out of the ordinary. Bank transfers are fine as its traceable, its the cash element of AML laws.
 
Title: Re: Some advantage in being one of the terminally skint?
Post by: Phil on 26 January 2014, 08:03:57 pm
The real reason for the outage is that the bank was hacked-  and all our info was taken, - but the hack wasnt the "server issue" that was the bank shutting it down when they found out about the hack, and then once they realised the extent of what had been taken they implemented the restristions a month later in November. 

Have you got any evidence of that?
Title: Re: Some advantage in being one of the terminally skint?
Post by: Drax on 26 January 2014, 08:18:39 pm
What really pisses me off is when you go into the bank to withdraw money(cash) & they ask you what you want it for!

Apart from it being " My F**king money & I can do what I want with it" Grr!!!

I once replied that I was going to use it to buy heroin. It took over 45 minutes for me to withdraw my money. Funny as fook tho! :)

Title: Re: Some advantage in being one of the terminally skint?
Post by: Phil on 26 January 2014, 08:18:55 pm
BTW, I hope everyone shreads all personal information in their rubbish and doesn't throw anything out which could be useful to criminals in identify theft. Also don't give passwords of banking accounts out to anyone who rings up saying they are from a bank. Same with 'phishing' emails. Some mugs do click on a links in emails which say they are from banks and are from criminals and load trojans/key stoke loggers etc.
Title: Re: Some advantage in being one of the terminally skint?
Post by: mickvp on 26 January 2014, 08:32:31 pm
looks up to me :D  mind you, maths wasn't my best subject :\

there is indeed more money in circulation, which is a bad thing. leads to an increase in prices for all of us...

the cuts in government spending isnt doing the national economy any favours either.
Title: Re: Some advantage in being one of the terminally skint?
Post by: fazersharp on 26 January 2014, 08:38:26 pm
Have you got any evidence of that?

None what so ever
I dont need any
Title: Re: Some advantage in being one of the terminally skint?
Post by: esetest on 26 January 2014, 09:15:07 pm
TSB and Halifax customers have been having problems with there debit cards as well , David Cameron talking up the economy and making false claims , protests all over the world , the police nearly paramilitary , GCHQ monitoring emails and texts .
Better get out on the bike while I still can .
Title: Re: Some advantage in being one of the terminally skint?
Post by: 69oldskool on 26 January 2014, 09:22:50 pm
Money Laundering: "The process of taking the proceeds of criminal activity and making them appear legal"
 
So that's exact opposite of taking legitimate funds out of the bank & spending them,No?
 
I guess if you were then to spend this legitimate cash on criminal activity you'd be right in calling it 'anti money laundering'  :rollin :rollin

I meant Anti Money Laundering measures by the bank, not the oppersite of money laundering. There are laws in place about handling cash which banks have to follow. If they stopped him taking out that amount I think they were being over zealous or suspect something strange out of the ordinary. Bank transfers are fine as its traceable, its the cash element of AML laws.

I know what you meant Phil ;)   I just don't agree :lol
Title: Re: Some advantage in being one of the terminally skint?
Post by: Hedgetrimmer on 26 January 2014, 09:48:51 pm
Advantage in being terminally skint?

No. Absolutely not. No way at all. I want to be obscenely, disgustingly, filthy rich.

Next question?  :)
Title: Re: Some advantage in being one of the terminally skint?
Post by: fazersharp on 26 January 2014, 11:26:13 pm
[quote .msg123244#msg123244 date=1390739473]The real reason for the outage is that the bank was hacked-  and all our info was taken, - but the hack wasnt the "server issue" that was the bank shutting it down when they found out about the hack, and then once they realised the extent of what had been taken they implemented the restristions a month later in November. 


 
Quote
Have you got any evidence of that?

Quote

I dont need any
And now another one at lloyds tsb on the very same day as I warned you[/quote]
Title: Re: Some advantage in being one of the terminally skint?
Post by: 69oldskool on 27 January 2014, 04:33:37 pm
@ Nick Crisp :  :rollin :rollin
 
@ Fazersharp: Now that's uncanny.
Title: Re: Some advantage in being one of the terminally skint?
Post by: Phil on 27 January 2014, 06:28:44 pm
[quote .msg123244#msg123244 date=1390739473]The real reason for the outage is that the bank was hacked-  and all our info was taken, - but the hack wasnt the "server issue" that was the bank shutting it down when they found out about the hack, and then once they realised the extent of what had been taken they implemented the restristions a month later in November. 


 
Quote
Have you got any evidence of that?

Quote

I dont need any
And now another one at lloyds tsb on the very same day as I warned you
[/quote]

So no evidence of hacking then.
Do you think each time a bank has a computer system issue it is down to 'hacking'?
Title: Re: Some advantage in being one of the terminally skint?
Post by: fazersharp on 27 January 2014, 07:37:59 pm
Quote
Do you think each time a bank has a computer system issue it is down to 'hacking'?
  YES   What kind of micky mouse system are they running, we are told its a server error and we swallow it like sheep.  "swamp gas"
Title: Re: Some advantage in being one of the terminally skint?
Post by: Phil on 27 January 2014, 09:33:30 pm
Quote
Do you think each time a bank has a computer system issue it is down to 'hacking'?
  YES   What kind of micky mouse system are they running, we are told its a server error and we swallow it like sheep.  "swamp gas"


http://www.bbc.co.uk/news/business-25914013 (http://www.bbc.co.uk/news/business-25914013)

Lloyds Banking Group serves about 30 million customers and is the largest retail banking group in the UK. TSB has about five million UK customers and is in the process of being split from Lloyds Banking Group.

TechUK, a trade body for a number of technology companies, said: "It is now widely acknowledged that the technology infrastructure across many financial institutions is exceptionally complex, to the point where it no longer serves many banks, it hinders them.

I've no idea about TBS/Lloyds internal systems, but if a server running a network controller whose job is to route traffic to their different mainframes at different computer centres breaks that would explain why some ATMs were ok, some weren't.

Banks computer systems have been having outages for years. These days its more high profile due to social media like twitter. A lot of people rely on a card more than good old cash. No backup.

Title: Re: Some advantage in being one of the terminally skint?
Post by: fazersharp on 27 January 2014, 10:25:10 pm
So you trust the banks and you beleive all you are told by the mainstream meidia
Baaa Baaaa
Title: Re: Some advantage in being one of the terminally skint?
Post by: Grahamm on 28 January 2014, 12:20:31 am
So you trust the banks and you beleive all you are told by the mainstream meidia


How about the Tech Media? From The Register (http://www.theregister.co.uk/2014/01/27/lloyds_atm_cash_card_crash/):

Quote
[...] the group’s IT infrastructure is a known to be a patchwork of dated systems cobbled together through acquisitions over recent years of other banks.

The Lloyds core customer system that handles main payments is a Unisys system dating from the 1980s. Operations at Halifax, Bank of Scotland (HBOS) and TSB have now also been converged on this system.

The ATMs across the group are known to be provided by NCR, which is understood to also run the network.

However, IT chiefs are now breaking up the IT system as TSB spins out of Lloyds to become a “new” bank.

The group has also slashed IT jobs and sent them packing to India in waves of restructuring. It outsourced 593 positions in March 2012 and a further 200 in January 2013.

Chris Skinner, chairman of the Financial Services Club, who in the past has warned of an increased risk of IT-related outages striking banks and financial institutions, told The Reg the Lloyds crash was the latest example of dated systems being overstretched.

“They expose all the back end systems to the stresses and strains of payment in a mobile business age. These systems were built for overnight batch updates,” he said.


Title: Re: Some advantage in being one of the terminally skint?
Post by: Dead Eye on 28 January 2014, 12:42:13 am
This doesn't surprise me at all, I've seen this in practice in a few companies I've worked for where dated systems are patched to try and work beyond the scope of their inception.

Unfortunately, this is also happening to me :( Clients are great at demanding systems to perform tasks that they original didn't ask for in their spec, so it ends as something that needs to patched in...
Title: Re: Some advantage in being one of the terminally skint?
Post by: Phil on 08 February 2014, 06:27:09 pm
So what do we reckon about this?


http://www.bbc.co.uk/news/uk-england-dorset-25986699 (http://www.bbc.co.uk/news/uk-england-dorset-25986699)

FSO spokesman Martyn James said he could not comment on Mrs Parkinson's case but added that any complaint was dealt with on a case-by-case basis.He said the scam had been "convincing" and called for action by both telecoms companies to remedy the flaw in hanging up phone lines and banks to enforce more checks on large money transfers.

Should there have been more restrictions to prevent all the money going in one go?

She was extremely naive and was extremely lucky Barclays actually gave her the money back. Did Barclays trace where the money went and managed to get it back I wonder.