Woodley Ram

Why do I have the feeling CKs funds will clear next week and he will be the new owner 

Why do I have the feeling CKs funds will clear next week and he will be the new owner 

Why do I have the feeling CKs funds will clear next week and he will be the new owner 

Good luck Liam, and thank you for everything you have done at Derby

There is no truth that the bank employee that has stopped CK’s money is a Gump

Good luck Liam, and thank you for everything you have done at Derby

Well we’ve got the subs bench covered, now for the starting 11 ??

Not correct, you are mixing up speaking to the bank about a large transaction that would hit their red flags and providing evidence and the issuing of a suspicious activity report to (in this country) the NCA. If a bank does this (the SAR) then there is a tipping off offence that prevents a bank from discussing things with the client or working on the transaction. the US have a similar law.
you can talk to the bank about what you are doing with your money and providing them with proof that you are NOT money laundering 
it doesn’t have to be a lawyer. I have a house in Cyprus, I provided HSBC with evidence of where my money had come from and what it was for in advance. If I didn’t it would have been flagged as it was far more than I would normally put through by bank account. By doing this the money was transferred with any issue 
I do this for a living 

Not heard that one and if true (which would suprise me) then that is the bank not Q and should be very easy to resolve 

There is, if you have any experience of banking transactions and or M&A you would know that you would need to show where the money has come from. If you look at Chelsea, Newcastle takeovers they were more or less seamless because they would have gone to their bank and said, this is what we want to do, this where the money is from and this is where the money is going, and shown evidence. TheY would have done this in advance, it dosnt appear CKs advisors have done this.
Each financial institution (banks etc) will have people that ensure that transactions are not laundering money. This will be done on a risk basis such as country, industry, amount, type of transactions (crypto etc), new account/large single transaction etc. the transactions will be put through the software and anything that matches the above will be flagged. So if you spend £30 in the COOP no action, £21m in a new account going to another country (UK will not be high risk by the way)= red flag and further questions. 
 
what you do is speak to the bank in advance and go through it and ensure they are comfortable with the transaction and then they push the transaction through 

For this transaction for CK to finalise the deal you cannot blame the EFL or the Administrators they are not in control of CK transferring his funds into the Administrators Escrow account 

It’s financial thresholds that trigger not the fact it’s £20m, it’s relative, I’m sure if CK put £500k through his account it could be normal, alarm bells would ring if I did it. The mantra is where is the money coming from and where is it going to. 

If CK is turning Crypto into cash especially £21m for this deal and into a new account then I am not surprised it has been stopped. If he already has the money in a bank account from previous crypto activity then it shouldn’t matter as the bank should have already cleared the funds going into the account.
re Nixon, it’s clear he knows the money has been stopped but he has no idea how banking is done and it dosnt help with his comments such as financial police, money not sent via bank but a central clearing house, blah blah. Absolute tosh
i have from a banking perspective been involved in transfers of this size and bigger. Unless you have had a conversation with the client before hand and seen evidence of where the money is going to and where it is coming from You would block it and ask those questions due to the number of red flags  such as new account, lots of money, overseas transfer etc
i cannot believe that CKs professional helpers didn’t speak to the bank first and provide evidence. The deal should have been set up ages ago and the AML checks completed. All that happens then is you press the button and transfer the money. 
 
if that wasn’t done or further red flags were found by the bank then more questions would be asked and evidence would need to be provided. If not happy the US bank would send a suspicious activity report to the FinCen which is the US department that investigates this sort of stuff.
Of course we have no idea if the bank have done this but if they have then a block would be put on CKs account until they have checked it out.
one thing that worries me is that CK (according to Nixon) tried a different route when challenged (probably through another bank or FX company) and then went back to the original route as he got the same issues.
this possibility backs up the idea that his advisers didn’t talk to the bank first to set up the deal and show evidence of source of wealth in advance. Sorry but doing that is Janet and John stuff for large transfers. Again I know how banking works but not the details of the deal, but my gut feel is that is stuck at the bank and has not been reported to the FinCen, therefore if he provides the evidence the money should be released 

I know we all hate the EFL but I really think they would much prefer this is all resolved in time for Derby to be included in league 1.

True, but you would hope unlikely……but the whole year has been a crock of *8888 so nothing off the cards

It’s a fair question, but presumably it’s because if you’re on the hook for any penalties as the receiving bank, you make damned sure of the provenance rather than trusting some other third party’s checks. 

The same, a UK, US or EU bank (in fact I would hope most) would flag this if they were not prewarned and had seen the evidence. The US give the biggest fines, but HSBC, Nat West and a few others have received fines from the FCA (UK regulator).
re his bank you would have thought so, but did he use the same bank? Nixon who knows lots about sport but naff all about banking said it was a new account, which could be because he has a new company in the States with a new bank account? He might do that to keep his private stuff and Derby stuff separate. 
 
If he wants the money and can prove source of wealth etc I’m sure we would put the money through for him. Nixon calls the money laundering people the financial police, the head of that where I work is me.
seriously, if he can show where  the money has come from (and I don’t see why he shouldn’t) and why and where the money is going too (which again he should be able to) then there is no reason why the money shouldn’t be transferred very soon.

If CK is turning Crypto into cash especially £21m for this deal and into a new account then I am not surprised it has been stopped. If he already has the money in a bank account from previous crypto activity then it shouldn’t matter as the bank should have already cleared the funds going into the account.
re Nixon, it’s clear he knows the money has been stopped but he has no idea how banking is done and it dosnt help with his comments such as financial police, money not sent via bank but a central clearing house, blah blah. Absolute tosh
i have from a banking perspective been involved in transfers of this size and bigger. Unless you have had a conversation with the client before hand and seen evidence of where the money is going to and where it is coming from You would block it and ask those questions due to the number of red flags  such as new account, lots of money, overseas transfer etc
i cannot believe that CKs professional helpers didn’t speak to the bank first and provide evidence. The deal should have been set up ages ago and the AML checks completed. All that happens then is you press the button and transfer the money. 
 
if that wasn’t done or further red flags were found by the bank then more questions would be asked and evidence would need to be provided. If not happy the US bank would send a suspicious activity report to the FinCen which is the US department that investigates this sort of stuff.
Of course we have no idea if the bank have done this but if they have then a block would be put on CKs account until they have checked it out.
one thing that worries me is that CK (according to Nixon) tried a different route when challenged (probably through another bank or FX company) and then went back to the original route as he got the same issues.
this possibility backs up the idea that his advisers didn’t talk to the bank first to set up the deal and show evidence of source of wealth in advance. Sorry but doing that is Janet and John stuff for large transfers. Again I know how banking works but not the details of the deal, but my gut feel is that is stuck at the bank and has not been reported to the FinCen, therefore if he provides the evidence the money should be released 

For this transaction for CK to finalise the deal you cannot blame the EFL or the Administrators they are not in control of CK transferring his funds into the Administrators Escrow account 

There is, if you have any experience of banking transactions and or M&A you would know that you would need to show where the money has come from. If you look at Chelsea, Newcastle takeovers they were more or less seamless because they would have gone to their bank and said, this is what we want to do, this where the money is from and this is where the money is going, and shown evidence. TheY would have done this in advance, it dosnt appear CKs advisors have done this.
Each financial institution (banks etc) will have people that ensure that transactions are not laundering money. This will be done on a risk basis such as country, industry, amount, type of transactions (crypto etc), new account/large single transaction etc. the transactions will be put through the software and anything that matches the above will be flagged. So if you spend £30 in the COOP no action, £21m in a new account going to another country (UK will not be high risk by the way)= red flag and further questions. 
 
what you do is speak to the bank in advance and go through it and ensure they are comfortable with the transaction and then they push the transaction through 

If CK is turning Crypto into cash especially £21m for this deal and into a new account then I am not surprised it has been stopped. If he already has the money in a bank account from previous crypto activity then it shouldn’t matter as the bank should have already cleared the funds going into the account.
re Nixon, it’s clear he knows the money has been stopped but he has no idea how banking is done and it dosnt help with his comments such as financial police, money not sent via bank but a central clearing house, blah blah. Absolute tosh
i have from a banking perspective been involved in transfers of this size and bigger. Unless you have had a conversation with the client before hand and seen evidence of where the money is going to and where it is coming from You would block it and ask those questions due to the number of red flags  such as new account, lots of money, overseas transfer etc
i cannot believe that CKs professional helpers didn’t speak to the bank first and provide evidence. The deal should have been set up ages ago and the AML checks completed. All that happens then is you press the button and transfer the money. 
 
if that wasn’t done or further red flags were found by the bank then more questions would be asked and evidence would need to be provided. If not happy the US bank would send a suspicious activity report to the FinCen which is the US department that investigates this sort of stuff.
Of course we have no idea if the bank have done this but if they have then a block would be put on CKs account until they have checked it out.
one thing that worries me is that CK (according to Nixon) tried a different route when challenged (probably through another bank or FX company) and then went back to the original route as he got the same issues.
this possibility backs up the idea that his advisers didn’t talk to the bank first to set up the deal and show evidence of source of wealth in advance. Sorry but doing that is Janet and John stuff for large transfers. Again I know how banking works but not the details of the deal, but my gut feel is that is stuck at the bank and has not been reported to the FinCen, therefore if he provides the evidence the money should be released 

If CK is turning Crypto into cash especially £21m for this deal and into a new account then I am not surprised it has been stopped. If he already has the money in a bank account from previous crypto activity then it shouldn’t matter as the bank should have already cleared the funds going into the account.
re Nixon, it’s clear he knows the money has been stopped but he has no idea how banking is done and it dosnt help with his comments such as financial police, money not sent via bank but a central clearing house, blah blah. Absolute tosh
i have from a banking perspective been involved in transfers of this size and bigger. Unless you have had a conversation with the client before hand and seen evidence of where the money is going to and where it is coming from You would block it and ask those questions due to the number of red flags  such as new account, lots of money, overseas transfer etc
i cannot believe that CKs professional helpers didn’t speak to the bank first and provide evidence. The deal should have been set up ages ago and the AML checks completed. All that happens then is you press the button and transfer the money. 
 
if that wasn’t done or further red flags were found by the bank then more questions would be asked and evidence would need to be provided. If not happy the US bank would send a suspicious activity report to the FinCen which is the US department that investigates this sort of stuff.
Of course we have no idea if the bank have done this but if they have then a block would be put on CKs account until they have checked it out.
one thing that worries me is that CK (according to Nixon) tried a different route when challenged (probably through another bank or FX company) and then went back to the original route as he got the same issues.
this possibility backs up the idea that his advisers didn’t talk to the bank first to set up the deal and show evidence of source of wealth in advance. Sorry but doing that is Janet and John stuff for large transfers. Again I know how banking works but not the details of the deal, but my gut feel is that is stuck at the bank and has not been reported to the FinCen, therefore if he provides the evidence the money should be released 

If CK is turning Crypto into cash especially £21m for this deal and into a new account then I am not surprised it has been stopped. If he already has the money in a bank account from previous crypto activity then it shouldn’t matter as the bank should have already cleared the funds going into the account.
re Nixon, it’s clear he knows the money has been stopped but he has no idea how banking is done and it dosnt help with his comments such as financial police, money not sent via bank but a central clearing house, blah blah. Absolute tosh
i have from a banking perspective been involved in transfers of this size and bigger. Unless you have had a conversation with the client before hand and seen evidence of where the money is going to and where it is coming from You would block it and ask those questions due to the number of red flags  such as new account, lots of money, overseas transfer etc
i cannot believe that CKs professional helpers didn’t speak to the bank first and provide evidence. The deal should have been set up ages ago and the AML checks completed. All that happens then is you press the button and transfer the money. 
 
if that wasn’t done or further red flags were found by the bank then more questions would be asked and evidence would need to be provided. If not happy the US bank would send a suspicious activity report to the FinCen which is the US department that investigates this sort of stuff.
Of course we have no idea if the bank have done this but if they have then a block would be put on CKs account until they have checked it out.
one thing that worries me is that CK (according to Nixon) tried a different route when challenged (probably through another bank or FX company) and then went back to the original route as he got the same issues.
this possibility backs up the idea that his advisers didn’t talk to the bank first to set up the deal and show evidence of source of wealth in advance. Sorry but doing that is Janet and John stuff for large transfers. Again I know how banking works but not the details of the deal, but my gut feel is that is stuck at the bank and has not been reported to the FinCen, therefore if he provides the evidence the money should be released 

If CK is turning Crypto into cash especially £21m for this deal and into a new account then I am not surprised it has been stopped. If he already has the money in a bank account from previous crypto activity then it shouldn’t matter as the bank should have already cleared the funds going into the account.
re Nixon, it’s clear he knows the money has been stopped but he has no idea how banking is done and it dosnt help with his comments such as financial police, money not sent via bank but a central clearing house, blah blah. Absolute tosh
i have from a banking perspective been involved in transfers of this size and bigger. Unless you have had a conversation with the client before hand and seen evidence of where the money is going to and where it is coming from You would block it and ask those questions due to the number of red flags  such as new account, lots of money, overseas transfer etc
i cannot believe that CKs professional helpers didn’t speak to the bank first and provide evidence. The deal should have been set up ages ago and the AML checks completed. All that happens then is you press the button and transfer the money. 
 
if that wasn’t done or further red flags were found by the bank then more questions would be asked and evidence would need to be provided. If not happy the US bank would send a suspicious activity report to the FinCen which is the US department that investigates this sort of stuff.
Of course we have no idea if the bank have done this but if they have then a block would be put on CKs account until they have checked it out.
one thing that worries me is that CK (according to Nixon) tried a different route when challenged (probably through another bank or FX company) and then went back to the original route as he got the same issues.
this possibility backs up the idea that his advisers didn’t talk to the bank first to set up the deal and show evidence of source of wealth in advance. Sorry but doing that is Janet and John stuff for large transfers. Again I know how banking works but not the details of the deal, but my gut feel is that is stuck at the bank and has not been reported to the FinCen, therefore if he provides the evidence the money should be released 

he is not transferring Crypto. I have just listened to the Alan Nixon on talksport and that was interesting.  The issue with CK is that he is transferring an amount larger than anything he has done before (red flag) and from the US to a country he probably has never transferred to before (red flag).
I would imagined a compliance officer of a US bank has made a SAR (suspicious activity report) to the FinCen (the US money laundering reporting establishment). In the UK we would send our SAR to the NCA (National Crime Agency).
The issue with this is that your bank transfer is blocked for a period (short) of time to allow an investigation. It will then be released. If you ever have a payment that is held up by a bank for about 5 days then that is what has probably happened.
Also it is a criminal offence to tell your client (CK) if you have made a SAR, so he will be well frustrated.
If it hasn't gone to the FinCen then the release should be quicker as the bank will be asking for potential proof of where his funds have come from and where they are going.  
The US banks are amongst the most stringent in the world due to the large fines given out by US regulators.
I think we just need to be patient as I'm not sure how much CK can tell us.