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Ross Miller
Ross Miller,
Category: Law
Satisfied Customers: 2272
Experience:  Director (Litigation and Mediation) at Hilltop Solutions
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Is informal money transfer/Remittance illegal in the UK?

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Is informal money transfer/Remittance illegal in the UK?

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Thank you

Thank you for your query. The simple answer to your question is yes, this is perfectly legal. However, just for some additional advice, the person receiving any such sums of money may be acting unlawfully if they fail to declare the money for taxation reasons such as income tax, Capital Gains etc. but the action of the transfer itself if entirely legal.

I hope this information has helped. You can find a local solicitor who deals with this on the law society webpage which is;

https://solicitors.lawsociety.org.uk/

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Many Thanks

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