william hill re-taking funds back after having successfully credited in bank account

[orlipide]

that's a different forum's answer,have a look:
"So she purchased 3000 pounds of bet vouchers then places a bet that night and wants the money deposited into a current acccount and intends to draw out all her funds.

You can see the problem you face.

Gambling
6.19 Gambling at bookmakers, both on- and off-course, offers a simple and relatively risk free option for laundering money. Typically, the money launderer makes frequent high stake bets at very low odds, resulting in a minimal profit or, more usually, an overall loss. However, all winnings are effectively 'clean', since they are received in the form of cheques, payable either to the individual or to third parties. While bookmakers have an obligation to report suspicious activity under PoCA, they are not yet covered by the Money Laundering Regulations. However, the Government has accepted the recommendations of the Budd Report into the gaming and gambling industries. These include bringing all firms within the regulated sector. The Government has also signalled its intention to establish a Gambling Commission."

problem?what could be a problem?so she'll be asked for an official explanation about where she got 3k...it could be savings,or a bet in another high street shop..so waht?
just wanna fully understand...
by the way it's william hill that stopped her betting account reducing stakes to zero straight away..if not,why didn't carrying on betting??

[orlipide]

latest updates:
will hill has been formally informed about the complaint by letter last week,no answer so far
(their terms & c. state "We may give notice to You at either the email or postal address You provide to us when registering. Notice will be deemed received and properly served immediately twenty four (24) hours after an email is sent, or three (3) days after the date of posting of any letter. In proving the service of any notice, it will be sufficient to prove, in the case of a letter, that such letter was properly addressed, stamped and placed in the post and, in the case of an email, that such email was sent to the specified email address of the addressee."

i don't know if IBAS can do anything about it,the bet cristally clearly stands,but if they're accusing her of money laundering because of a cash voucher the issue can't be solved by IBAS...but we will definitely inform IBAS about that..

bank just replied by phone,they'll also write down a letter,saying that william hill actually could have taken funds back calling some law...i don't know if the ombudsman think in the same way...

[bigboydan]

Keep us post on how this one turns out orlipide.

[orlipide]

'course i will...if they won't jail us before...just joking...
still waiting for official(i mean by letter)reply from the bank and william hill,it's been already 10 working days waiting for that..
as i said,if they're investigating for money laundering,holding funds and all the mess around makes sense,but they'll find out there is nothing illegal in that(i mean buying a cash voucher,then cash up winnings in the bank account),it just takes time...by the way money launderers normally play bets at very low odds(1.1,1.2) to get a guaranted return and to launder the money,but the bet in question is a 3.0 odds bet...anyway..as soon as i know something more you'll see new post...