If proceeds from an inheritcance received from a foreign relative are significant ie 800k, how much hassle will there be should this money be transferred into a uk account by electronic transfer?
I believe there are stringent money laundering regulations that trigger all sorts of investigations.
I am helping a relative during this time and I do not want them to have the police or SOCA at the door treating them like a criminal just because they have received a transfer of money from overseas.
We have the grant of probate from overseas authority and foreign notary letters to prove the money is clean but I could do with knowing what happens once the money reaches the UK other than the usual bank FA call...
Are they likely to freeze these proceeds till they know what they are about?
thanks
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