Too Late? Global Confiscation Of Bank Accounts Has Begun! |

Too Late? Global Confiscation Of Bank Accounts Has Begun! | Economy



Most countries have similar Laws to the Uk regarding folks who die without leaving an heir. Any money that they had goes to the State. Some people had bank accounts which the bank could continue to make money from until that money was claimed. It was not in the interest of the banks to notify the State which accounts were dormant and which were active. The heir or the State has to claim.

If I remember my lectures,correctly,if an account does nothing for ten years,any money automatically goes to the State. Recently Australia "attacked" the banks and gained over 300 million dollars from dormant accounts. They said little about this and many people,still alive, were effectively robbed.!!

People were supposed to get this and that form and provide this and that form of proof, which can take a while. Many did not know,did not bother or just ran out of time. Now they must fight the State not the bank to get their money back