So, I’ve just asked my employer to change my bank details. They’re asking for written confirmation of my account number and sort code?
I asked if this was specifically because this was a Monzo account and they said no, it’s a requirement for all employees as a money laundering regulation?!? Has anybody ever heard of this…
Thinking back to when I started they took a photocopy of my Halifax account which has my account number and sort code on.
They’re insistent, I’ve offered to show them the app with my details but they’re having none of it.
I don’t know enough at this stage to argue with them, is there any such money laundering responsibilities that an employer has to follow strictly in terms of this?
Hopefully somebody can help. It’s a medium sized company with about 3000 employees.