Some advantage in being one of the terminally skint?

[69oldskool]

http://beforeitsnews.com/economy/2014/01/second-major-banking-crash-imminent-hsbc-bank-2589488.html
 
http://www.bbc.co.uk/news/business-25861717
 
 
 
 

[Phil]

http://beforeitsnews.com/economy/2014/01/second-major-banking-crash-imminent-hsbc-bank-2589488.html
 
http://www.bbc.co.uk/news/business-25861717

Anti Money Laundering. £3000 limit is a bit over zealous though.

[69oldskool]

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' 
 

[fazersharp]

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,

[69oldskool]

...carry on Fazersharp.
 
 i'm thinking if the bank's been hacked surely restictions on EFT's would be more in order?

[fazersharp]

Whats EFTs

[69oldskool]

sorry,
         'Electronic Financial Transactions' , anything bar cheques & cash i guess.
 The sort of thing i'd expect a hacker to defraud an account with.

[fazersharp]

The hack was to get the personal info to sell to others

Don't go spoiling my conspiracy with your efts

[69oldskool]

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.   

[Grahamm]

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.

[fazersharp]

The bigger picture is dont belive anything you are told by banks,

[69oldskool]

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
 
 
 

[Andy FZS]

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. 

[goldfazer]

'The Govt's printing money like it's going out of fashion,'

Some months since they did that. Do try and keep up

[69oldskool]

looks up to me   mind you, maths wasn't my best subject

[Phil]

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' 

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.
 

[Phil]

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?

[Drax]

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!

[Phil]

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.

[mickvp]

looks up to me   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.

[fazersharp]

Have you got any evidence of that?

None what so ever
I dont need any

[esetest]

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 .

[69oldskool]

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' 

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

[Hedgetrimmer]

Advantage in being terminally skint?

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

Next question? 

[fazersharp]

[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. 

 

Have you got any evidence of that?

I dont need any

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