My wife and I have had some investments for many years. Some are equity linked or managed etc. Times have improved and we now want to sell some.
We are told that we must have the necessary money laundering requirements. This is our problem. Bank account is on-line, telephone acc on line, dust bin acc on line - no paper statements. I have tried bank for hard copy but they suggested PDF download would be the same. I tried that with one company and they said it was ''not something regularly got through post'' so no good. Dust bin company were happy top provide, a once off, hard copy.
Also these docs must be within 6 months so something like car/house insurance may be out of date limit.
Soon it will impossible to get "posted" documents and hence impossible to open or worse still to retrieve funds from from some institutions.
Where is it leading?
We are told that we must have the necessary money laundering requirements. This is our problem. Bank account is on-line, telephone acc on line, dust bin acc on line - no paper statements. I have tried bank for hard copy but they suggested PDF download would be the same. I tried that with one company and they said it was ''not something regularly got through post'' so no good. Dust bin company were happy top provide, a once off, hard copy.
Also these docs must be within 6 months so something like car/house insurance may be out of date limit.
Soon it will impossible to get "posted" documents and hence impossible to open or worse still to retrieve funds from from some institutions.
Where is it leading?