Complying with client's Money Laundering rules

[Hex]

I had to sign one of these once. I then diligently used to take copies of my contract notes to one of the secretaries. One time I asked her how many other people in our department she got these forms from and she said I was the only one who she'd ever known who fillled them in out of all the permies and contractors.

[HairyArsedBloke]

Compliance personnel are thick anyway. The department of the last bank I was at before I went totally independent had a minimum holding period of 30 days for everything. I asked about derivative contracts and they insisted that the same rules apply. I protested and pointed out that the contracts expire etc. I also asked if that meant we could not have a stop loss order on a position. The reply was a restatement that there was a minimum holding period of 30 days for everything.

So, just sign and keep quiet.