A friend of mine [honestly] went into bank to take out a large amt of cash that he had ordered [his business deals in a lot of cash purchases].
The bank wouldn't give him the money [the money was in the acct] and would only say 'we currently can't process your transaction'; when he pushed them they gave him a letter saying exactly the same thing. Basically his acct has been frozen and he can't find out why.
His solicitor seems to think that if it was the police they would have had to serve a notice on himabout it??
Is there something whereby the bank has reported him as potential money laundering and there is a 48 period for HMRC to make an assessment??? Or is it more likely that he has actually been on HMRC radar and they have frozen it??
He's a legitimate trader with about 25 Eastern European workers all about to go home tomorrow for xmas and he can't pay them!!! Similarly he has a lot of local suppliers that he can't pay??
His solicitor has faxed a letter to the bank expalining the effects...but is there a way he can find out for definite why it has been frozen????