The Tax Justice Network in Jersey visited France at the weekend. One of the people they met was a bank manager with a large French bank. He told them:
"We are very vigilant about money laundering… we don't accept any monies coming from the Channel Islands."
Enough said, I think (and thanks to Chris Steel for the anecdote).
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It’s actually more stringent than that. When I sold my French house and moved to Spain, the bank wanted a copy of the contract from the Notaire to confirm the source of the funds before accepting them into my account.
The Spanish on the other hand only needed to record the fact they’d called me to confirm the source. Didn’t want to see any documents. Duh?