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Author Topic: Ukash warning  (Read 4136 times)

Offline vorian

Or if you spend it on anything in cash. HMRC arent mind readers, if the cash is untraceable they wont know you have it unless they are told so. I was given £10k in cash by an elderly relative a few years back, totally untraceable unless they were to tell HMRC which of course they didnt do. I just spent it as i went along, i didnt bank it or buy large purchases with it where i would of had to give my name etc.

I think,  and I maybe wrong that they only ask for ID checks to be made on cash transactions over £500 at least that what the sign states in my local bookers cash and carry.
Banning reason: Two faced - Slagging off UKP and it's membership using fake account

Offline smiths

I think,  and I maybe wrong that they only ask for ID checks to be made on cash transactions over £500 at least that what the sign states in my local bookers cash and carry.

Squeezebox said cash over £5k though, no ID needed, the betting shop merely rings their bank to inform them and 2-3 hours later the money will be ready to be collected.

I think,  and I maybe wrong that they only ask for ID checks to be made on cash transactions over £500 at least that what the sign states in my local bookers cash and carry.

The only thing with Bookers is you have to have a card and the named person on the card has to provide company, bank account and VAT registration details in order to get the card. Having had to go through the process myself they certainly know who the card holder is before you are allowed to buy anything.

Squeezebox said cash over £5k though, no ID needed, the betting shop merely rings their bank to inform them and 2-3 hours later the money will be ready to be collected.

That's because the account the withdrawal (winnings) is from the betting shops account and the bank know the reason for it. The winning punter if no interest to their bank.

If the winning punter deposited it into their own account and later withdrew it from another branch, then there may be a different rule.


jcdmj12

Or if you spend it on anything in cash. HMRC arent mind readers, if the cash is untraceable they wont know you have it unless they are told so. I was given £10k in cash by an elderly relative a few years back, totally untraceable unless they were to tell HMRC which of course they didnt do. I just spent it as i went along, i didnt bank it or buy large purchases with it where i would of had to give my name etc.

This - the two places they can catch you are on obvious  asset purchases (houses, boats, cars, jewellery that you bling about), and holidays where you get your passport stamped. Anything else doesn't leave much of a paper trail.

Offline smiths

That's because the account the withdrawal (winnings) is from the betting shops account and the bank know the reason for it. The winning punter if no interest to their bank.

If the winning punter deposited it into their own account and later withdrew it from another branch, then there may be a different rule.

Thanks i realise that but am still very surprised photo and address ID isnt required to validate the person doing the withdrawing.

Offline sarahjayneleeds

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  • Posts: 392
Thanks i realise that but am still very surprised photo and address ID isnt required to validate the person doing the withdrawing.

In my days when I worked in a betting shop Head Office would inform the bank of the withdrawal and  I would  accompany the winner to our branch of the bank. The staff there knew who we were due to us paying in daily and we were issued with security passes confirming who we were ( Managers only) and we were authorised to pay out by the company. We had a password to confirm and the cash was handed to the customer. This of course may vary depending on the bookie.

Offline smiths

In my days when I worked in a betting shop Head Office would inform the bank of the withdrawal and  I would  accompany the winner to our branch of the bank. The staff there knew who we were due to us paying in daily and we were issued with security passes confirming who we were ( Managers only) and we were authorised to pay out by the company. We had a password to confirm and the cash was handed to the customer. This of course may vary depending on the bookie.

Thanks, doesnt change my surprise that ID is not required though, and especially now in these days of money laudering regulations. Interesting to learn about though, but of no benefit to me as i dont gamble. ;)

Offline k

In my days when I worked in a betting shop Head Office would inform the bank of the withdrawal and  I would  accompany the winner to our branch of the bank. The staff there knew who we were due to us paying in daily and we were issued with security passes confirming who we were ( Managers only) and we were authorised to pay out by the company. We had a password to confirm and the cash was handed to the customer. This of course may vary depending on the bookie.
The winner must have thought he really had hit the jackpot.

In my days when I worked in a betting shop Head Office would inform the bank of the withdrawal and  I would  accompany the winner to our branch of the bank. The staff there knew who we were due to us paying in daily and we were issued with security passes confirming who we were ( Managers only) and we were authorised to pay out by the company. We had a password to confirm and the cash was handed to the customer. This of course may vary depending on the bookie.

You described it better than me. :thumbsup:




Offline mh

I think they have to ask what it is for because there are two different types of Ukash vouchers - under 18 and 18+. AW (plus gambling sites etc) should not accept the under 18 version... They should only be asking whether you want an over 18 version. I have been asked this as just said it is to send the money to my brother and he is over 18 so I need that.

Offline Ali Katt

I think they have to ask what it is for because there are two different types of Ukash vouchers - under 18 and 18+. AW (plus gambling sites etc) should not accept the under 18 version... They should only be asking whether you want an over 18 version. I have been asked this as just said it is to send the money to my brother and he is over 18 so I need that.
If they use payzone I think the staff only have the option to print one voucher off, and it is the over 18s one.

UK Cash vouchers. Are a very easy way to clean cash and show an income for criminals. For example if you have a grand. You buy ten vouchers for a 100 quid. Then on seperate betting websites you make a deposit. You play around with a tenner and then withdraw the rest to your bank account.

With regards to bookmakers if you bet on line and have a half decent win - I am not even talking four figures. Half the time you have to spilt your withdrawl between your bank account and debit card. Unless it with a private bookmakers who do offer to withdraw it too wherever you want it.

Offline k

One thing I don't understand here. 

If I won a fortune on gambling, I would want it to be paid straight into my bank account because it is free of tax and I have nothing to hide, and HMRC know that if I start splurging out that the money is totally accounted for in the winnings.


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