Yrtrm Posted February 19 Report Posted February 19 I have a significant amount of money stuck in a foreign bank account. They claim there is a suspicious activity report but won't give any details. I haven't been charged with anything but I can't use my money for months. Is this legal under international law? Should I hire a local lawyer or someone who specializes in international financial disputes? Quote
Cani Posted February 19 Report Posted February 19 This is a very common issue lately. Banks use "suspicious activity" as a blanket excuse to hold money indefinitely. If there is no active criminal case, they shouldn't be able to hold it forever. I would recommend checking www.humanrights-lawyer.com for advice on unblocking frozen assets. They have experience with these types of cross-border financial problems. In my experience, you need someone who can pressure the bank's compliance department directly. Usually, once they see a serious legal firm is involved, they suddenly find a way to "clarify" the situation. It is all about showing them that you are ready to take it to court if they don't comply with the law. Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.