Hi,
I have a question regarding a potential overseas deposit to be made to a UK Euro personal bank account. My mum leaves in Venezuela. She might receive compensation from a trial she won and that the other part is considering settling by providing a sum of money.
One of the options we were evaluating is to get the counterpart to deposit the amount in my personal Euro bank account I have with HSBC.
I was wondering what are the implications that should be taken into account.
Is there any AML restriction around it?
What's the impact on my personal tax status?
Will I need to provide some sort of declaration?
Thank you in advance for your help.
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