Author Topic: Limits  (Read 286 times)

Offline AlertCompany

  • Newbie
  • *
  • Posts: 8
  • Karma: +0/-0
    • View Profile
Limits
« on: November 27, 2013, 08:53:41 PM »
Can the banks question the amount you own if you work in the government? What are the limits on having bank accounts of politicians or even government employees?
« Last Edit: November 27, 2013, 08:53:41 PM by Guest »
Logged



Offline SpousalSports

  • Newbie
  • *
  • Posts: 9
  • Karma: +0/-0
    • View Profile
Re: Limits
« Reply #1 on: October 29, 2013, 01:37:24 AM »
Generally, banks do not ask depositors where they got their money. But government officials are often asked to declare how much money they have in the bank. When the source of one's wealth is questionable, that's the only time they are investigated. Banks comply with the secrecy laws and that applies to all clients.
« Last Edit: October 29, 2013, 01:37:24 AM by Guest »
Logged

Offline ConnCompany

  • Newbie
  • *
  • Posts: 8
  • Karma: +0/-0
    • View Profile
Re: Limits
« Reply #2 on: October 29, 2013, 02:27:52 PM »
I agree with SpousalSports. Banks are not supposed to ask a depositor where his money is coming from. However, if you are a government official, there are limits to certain rights. Banks and other government agencies (with the proper court order) can ask for a proof of where your income comes from; aside from being emplo* in the government.

They would like to have an explanation why you suddenly became so rich when you entered government service. However, if you were rich even before you entered government service, they are quite lenient.
« Last Edit: October 29, 2013, 02:27:52 PM by Guest »
Logged


 
Tags: