My bank account has been frozen and the bank won’t tell me anything; what does this mean?
MEABY&CO IS A LEGAL 500 LAW FIRM WITH A PROVEN TRACK RECORD IN HELPING CLIENTS THAT HAVE HAD THEIR BANK ACCOUNTS FROZEN.
If your bank account has been frozen or you have been locked out of your account, and on contacting your bank they are refusing to give you any information about why this has happened or when the issue will be resolved, it is likely that there is a suspicion of either fraudulent activity or money-laundering on the account and a Suspicious Activity Report (SAR) has been made.
What Is a SAR?
SAR refers to the system in place whereby a financial institution reports unusual or suspicious activity related to money laundering or terrorist financing to the UK Financial Intelligence Unit (UKFIU), which is part of the National Crime Agency (NCA).
All such reports are logged on a SAR database and this information can then be made available to law enforcement agencies, HMRC, or government departments for further investigation if necessary.
SARs provide vital intelligence information to law enforcement, which is used predominantly in relation to financial crime and money laundering, or sometimes other criminal activity.
Why Did The Bank Freeze Your Account?
There are many reasons why a bank or financial institution may make a SAR, some of which are listed below.
- It could be that there has been an exceptionally large cash payment to the account.
- It could be that the customer has been acting unusually.
- It could be that the transaction does not make commercial sense.
An institution has an obligation to make a SAR if they have concerns about suspicious activity on an account.
How We can help.
We are able to advise on what steps you should take and how to proceed.
For a fixed fee of £240 (plus VAT) we can write to your bank demanding that they unfreeze your account and explain to them why they need to do so.
Why You Didn’t Know About The SAR?
If a financial institution makes a SAR on your account, they are prohibited from informing you, to prevent any “tipping off”. They will often advise that the account has been suspended but they cannot give further information.
How Long Does An SAR Last?
Once a SAR has been reported on an account, the NCA has 7 days within which to respond to the financial institution indicating whether the suspension can be lifted, or whether they need more time to investigate the unusual activity. If no response is received from the NCA by the bank within 7 days, then the bank can assume that the inhibition can be lifted.
If the NCA respond requiring that the suspension remains and they need more time, they will have a further 31 days to investigate. During this period, the bank cannot provide any information to the customer to avoid tipping off.
Contact Our Financial Crime Solicitors Today
If your account has been frozen and you have concerns about whether or not a SAR has been made, our team at Meaby&Co financial crime solicitors can assist. Contact Caoimhe Boyce on cboyce@meaby.co.uk to discuss further.
Trackbacks & Pingbacks
Fantasy MMORPG
Skidson is the greatest free to play fantasy MMORPG based on AQW
Fantasy MMORPG
Skidson is the best free to play fantasy MMO RPG based on Adventure Quest Worlds
Browser MMORPG
Skidson is the greatest top browser MMO RPG based on AQW
Fantasy MMORPG
Skidson is the best top online MMORPG based on Adventure Quest Worlds
Browser MMORPG
Skidson is the greatest smoothest fantasy MMORPG based on AQWorlds
Fantasy MMORPG
Skidson is the best top online MMO based on AdventureQuest Worlds
Browser MMORPG
Skidson.Online is the best free to play online MMO RPG based on AQWorlds
Browser MMORPG
Skidson is the best smoothest online MMORPG based on AQWorlds
Browser MMORPG
Skidson.Online is the greatest free to play browser MMORPG based on AdventureQuest Worlds
Fantasy MMORPG
Skidson is the best top fantasy MMORPG based on AQWorlds
Free MMORPG 2022
Skidson is the best free to play fantasy MMORPG based on AQW
Skidson AQW
Adventure Quest Worlds – AQW Server – AQW Private Server 2022
… [Trackback]
[…] Information on that Topic: meaby.co.uk/my-bank-account-has-been-frozen-and-the-bank-wont-tell-me-anything-what-does-this-mean/ […]
… [Trackback]
[…] Information on that Topic: meaby.co.uk/my-bank-account-has-been-frozen-and-the-bank-wont-tell-me-anything-what-does-this-mean/ […]
… [Trackback]
[…] Information to that Topic: meaby.co.uk/my-bank-account-has-been-frozen-and-the-bank-wont-tell-me-anything-what-does-this-mean/ […]
… [Trackback]
[…] Info to that Topic: meaby.co.uk/my-bank-account-has-been-frozen-and-the-bank-wont-tell-me-anything-what-does-this-mean/ […]
… [Trackback]
[…] Find More on to that Topic: meaby.co.uk/my-bank-account-has-been-frozen-and-the-bank-wont-tell-me-anything-what-does-this-mean/ […]
… [Trackback]
[…] Read More on on that Topic: meaby.co.uk/my-bank-account-has-been-frozen-and-the-bank-wont-tell-me-anything-what-does-this-mean/ […]
… [Trackback]
[…] Find More Information here to that Topic: meaby.co.uk/my-bank-account-has-been-frozen-and-the-bank-wont-tell-me-anything-what-does-this-mean/ […]
… [Trackback]
[…] Find More here on that Topic: meaby.co.uk/my-bank-account-has-been-frozen-and-the-bank-wont-tell-me-anything-what-does-this-mean/ […]
… [Trackback]
[…] Find More Info here on that Topic: meaby.co.uk/my-bank-account-has-been-frozen-and-the-bank-wont-tell-me-anything-what-does-this-mean/ […]
… [Trackback]
[…] Find More on that Topic: meaby.co.uk/my-bank-account-has-been-frozen-and-the-bank-wont-tell-me-anything-what-does-this-mean/ […]
… [Trackback]
[…] Find More Information here to that Topic: meaby.co.uk/my-bank-account-has-been-frozen-and-the-bank-wont-tell-me-anything-what-does-this-mean/ […]
… [Trackback]
[…] Info on that Topic: meaby.co.uk/my-bank-account-has-been-frozen-and-the-bank-wont-tell-me-anything-what-does-this-mean/ […]
… [Trackback]
[…] Read More Information here on that Topic: meaby.co.uk/my-bank-account-has-been-frozen-and-the-bank-wont-tell-me-anything-what-does-this-mean/ […]
… [Trackback]
[…] Read More on that Topic: meaby.co.uk/my-bank-account-has-been-frozen-and-the-bank-wont-tell-me-anything-what-does-this-mean/ […]
… [Trackback]
[…] Find More Info here to that Topic: meaby.co.uk/my-bank-account-has-been-frozen-and-the-bank-wont-tell-me-anything-what-does-this-mean/ […]
… [Trackback]
[…] Read More Info here to that Topic: meaby.co.uk/my-bank-account-has-been-frozen-and-the-bank-wont-tell-me-anything-what-does-this-mean/ […]
… [Trackback]
[…] Information on that Topic: meaby.co.uk/my-bank-account-has-been-frozen-and-the-bank-wont-tell-me-anything-what-does-this-mean/ […]
… [Trackback]
[…] Read More Information here to that Topic: meaby.co.uk/my-bank-account-has-been-frozen-and-the-bank-wont-tell-me-anything-what-does-this-mean/ […]
… [Trackback]
[…] There you can find 11756 additional Information to that Topic: meaby.co.uk/my-bank-account-has-been-frozen-and-the-bank-wont-tell-me-anything-what-does-this-mean/ […]
… [Trackback]
[…] There you will find 21916 additional Info to that Topic: meaby.co.uk/my-bank-account-has-been-frozen-and-the-bank-wont-tell-me-anything-what-does-this-mean/ […]
… [Trackback]
[…] Information on that Topic: meaby.co.uk/my-bank-account-has-been-frozen-and-the-bank-wont-tell-me-anything-what-does-this-mean/ […]
… [Trackback]
[…] Read More on on that Topic: meaby.co.uk/my-bank-account-has-been-frozen-and-the-bank-wont-tell-me-anything-what-does-this-mean/ […]
… [Trackback]
[…] There you will find 73459 additional Info on that Topic: meaby.co.uk/my-bank-account-has-been-frozen-and-the-bank-wont-tell-me-anything-what-does-this-mean/ […]
… [Trackback]
[…] Read More on that Topic: meaby.co.uk/my-bank-account-has-been-frozen-and-the-bank-wont-tell-me-anything-what-does-this-mean/ […]
… [Trackback]
[…] Read More Info here on that Topic: meaby.co.uk/my-bank-account-has-been-frozen-and-the-bank-wont-tell-me-anything-what-does-this-mean/ […]
… [Trackback]
[…] Information on that Topic: meaby.co.uk/my-bank-account-has-been-frozen-and-the-bank-wont-tell-me-anything-what-does-this-mean/ […]
… [Trackback]
[…] Find More here on that Topic: meaby.co.uk/my-bank-account-has-been-frozen-and-the-bank-wont-tell-me-anything-what-does-this-mean/ […]
… [Trackback]
[…] Read More Info here on that Topic: meaby.co.uk/my-bank-account-has-been-frozen-and-the-bank-wont-tell-me-anything-what-does-this-mean/ […]
… [Trackback]
[…] There you can find 44558 additional Information to that Topic: meaby.co.uk/my-bank-account-has-been-frozen-and-the-bank-wont-tell-me-anything-what-does-this-mean/ […]
… [Trackback]
[…] Find More here to that Topic: meaby.co.uk/my-bank-account-has-been-frozen-and-the-bank-wont-tell-me-anything-what-does-this-mean/ […]
… [Trackback]
[…] Find More Info here to that Topic: meaby.co.uk/my-bank-account-has-been-frozen-and-the-bank-wont-tell-me-anything-what-does-this-mean/ […]
… [Trackback]
[…] Read More to that Topic: meaby.co.uk/my-bank-account-has-been-frozen-and-the-bank-wont-tell-me-anything-what-does-this-mean/ […]
… [Trackback]
[…] Info to that Topic: meaby.co.uk/my-bank-account-has-been-frozen-and-the-bank-wont-tell-me-anything-what-does-this-mean/ […]
… [Trackback]
[…] There you can find 357 more Info on that Topic: meaby.co.uk/my-bank-account-has-been-frozen-and-the-bank-wont-tell-me-anything-what-does-this-mean/ […]
… [Trackback]
[…] Find More Info here on that Topic: meaby.co.uk/my-bank-account-has-been-frozen-and-the-bank-wont-tell-me-anything-what-does-this-mean/ […]
… [Trackback]
[…] Find More Information here on that Topic: meaby.co.uk/my-bank-account-has-been-frozen-and-the-bank-wont-tell-me-anything-what-does-this-mean/ […]
… [Trackback]
[…] Find More here on that Topic: meaby.co.uk/my-bank-account-has-been-frozen-and-the-bank-wont-tell-me-anything-what-does-this-mean/ […]
… [Trackback]
[…] Here you can find 85075 more Information on that Topic: meaby.co.uk/my-bank-account-has-been-frozen-and-the-bank-wont-tell-me-anything-what-does-this-mean/ […]
… [Trackback]
[…] There you will find 97270 more Information to that Topic: meaby.co.uk/my-bank-account-has-been-frozen-and-the-bank-wont-tell-me-anything-what-does-this-mean/ […]
… [Trackback]
[…] Read More Info here on that Topic: meaby.co.uk/my-bank-account-has-been-frozen-and-the-bank-wont-tell-me-anything-what-does-this-mean/ […]
… [Trackback]
[…] Find More on that Topic: meaby.co.uk/my-bank-account-has-been-frozen-and-the-bank-wont-tell-me-anything-what-does-this-mean/ […]
… [Trackback]
[…] Find More Info here to that Topic: meaby.co.uk/my-bank-account-has-been-frozen-and-the-bank-wont-tell-me-anything-what-does-this-mean/ […]
… [Trackback]
[…] Read More on on that Topic: meaby.co.uk/my-bank-account-has-been-frozen-and-the-bank-wont-tell-me-anything-what-does-this-mean/ […]
Leave a Reply
Want to join the discussion?Feel free to contribute!