Hi Everybody ;-)
I don't know if its
just me [it usually is lol] but I am having severe difficulties with
my Spanish Bank [Banco Sabadell].
To cut a long story
short, I moved funds to Spain in order to apply for Residencia.
A YEAR later and I
am still waiting.
So, I needed funds
in UK and attempted to transfer funds in Euros back to UK, via a
thoroughly reliable/respectable Currency Exchange company called
TorFx [Bank Of England registered and Financial Conduct Authority
controlled]
At first Banco
Sabadell claimed "technical issues".
Then, out of the
blue they accused the TorFx recipient account of being a fraudulent
account.
Naturally I
contacted TorFx and they simultaneously denied the allegation and
confirmed that their legal team were in the process of suing Banco
Sabadell [so obviously this wasn't the first time - I would be
interested if anyone else has suffered the same frustration.
Immediately two
possibilities [neither pretty or honourable] spring to mind:
1. Banco Sabadell
want to transfer the money themselves, earing transfer fees and
commission on the exchange rate.
2. Banco Sabadell
are DELIBERATELY targeting UK Financial institutions.
Neither of the above
is good news for us ex-Pats.
I have tried to
complain.
I have been very
successful in UK by informing:
1. Bank Of England
Fraud Unit.
2. FCA Fraud Unit.
3. UKFSO
4. UKFSO Media
Section [in a hope to arouse media interest.
However, I am at a
loss as how to proceed in Spain itself.
Apparently the Bank
De Espana is responsible for this form of complaint but their website
is indecipherable.
The Guardia Civil
seem to want to only promote themselves while avoiding being
contacted.
Obviously
International Fraud is a serious offence.
Personally it is
MUCH more important when it affects my finances - and potentially the
finances of fellow ex-Pats.
It is fundamentally
unfair, not to say criminal to obstruct transfer of fund based on
ethnicity [being British] - I believe that is called Racism!
It is also
questionable ethically to attempt to garner trade by blocking such a
transfer for no legitimate reason.
If anyone could help
me, point me in the right direction or offer advice I would be most
appreciative.
Respects To All
Cheers
Max