Long-time couple's investment accounts frozen by Hargreaves Lansdown over £10,000 monthly investment source inquiry.

A long-time couple, customers of Hargreaves Lansdown since 2003, had their investment accounts frozen due to the firm's inquiries on the source of funds for their wife's £10,000 monthly investments. Hargreaves Lansdown argued that clients should maintain financial records and conduct enhanced due diligence when necessary. The couple found the demand unreasonable and their accounts remain frozen.

June 30, 2024
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