Jack Brown - [email protected]

[AlanJones]

XXX,

Any news from the bank? kindly communicate when you get news because we are since waiting for the bank to contact you for payment as beneficiary.

Regards,
Frank Loboh.

[AlanJones]

XXX,

I received the forwarded mail from the bank saying that the money transfer was blocked and suspended due to non availability of papers of TAX DEDUCTION CERTIFICATE [TDC] or FUND CLEARANCE CERTIFICATE [FCC].

Fund Clearance Certificate (FCC) is a clearance document which shows that the money transferred is clean and genuine free from any illegal means etc, the Tax Deduction Certificate (TDC) is a certificate that empowers the bank to deduct charges and taxes from the money in the bank, we don't have any of the papers owing to the fact that the late account holder died without leaving any document for you as his next of kin, we have to check the procedures of getting the FCC or TDC to know the best option to follow.

The FCC and TDC are usually issued by the Inland Revenue Service (IRS) , so I will apply to the IRS for issuance of the FCC or TDC to enable us submit the papers to the bank to unblock the money in the bank to enable money be transferred to your accounts. Write to Boris and tell him you are working on the papers required and will send to them as quickly as you can, find out from him how long it will take to complete transfer from the date of submission of the papers.

According to my understanding both papers are not required, they require that you submit the TDC or FCC, therefore only one of the two is needed as each substitutes the other, if we use TDC there is no need for FCC and if we use the FCC there is no need for TDC. The TDC and FCC are both issued by the Inland Revenue Services [IRS] I will make inquiry on how to get the papers and inform you back, so tell Boris we are arranging the papers.

Regards,
Frank Loboh.

[AlanJones]

Attn XXX,

Kindly send any of the requested documents to enable your fund be unlocked within 12hours from the time of receipt of the documents.

Best Regards,

Boris Justen.

[AlanJones]

Dear XXX,

Glad to know you are contacted by the bank and that you forwarded to Frank Loboh for necessary actions, I spoke to him on phone this morning and he is coordinating the requirements, he has gone to make inquiries at irs and will revert back to us with answer when he is done.

Brown.

[AlanJones]

XXX,

I have completed inquiry regarding the FCC and TDC.
To get FCC requires payment of 5% tax of total sum.

Getting the FCC is very expensive, option no2. using the TDC to release the money, to get the TDC there must be agreement between the customer that is yourself, the bank and the IRS, the TDC will cost 15,500 to get the Application forms for TDC and also requires your presence here to complete the endorsements as beneficiary.

FCC can only be issued when the 5% tax is paid, but the TDC can be used to substitute the tax and receive money first before paying the tax, the TDC will enable you have agreement with the bank and IRS to get waiver to receive the money first before paying the 5%tax, so organize yourself to come to sign papers here.

Kindly book for ticket, it will take you 3working days to finish the signing procedures and go back, the money will be credited in your account in your presence in the bank, when you come we will go together to the bank and to the offices concerned to do the paper work and get all required documents to release the money to your account.

Regards,
Frank Loboh.

[AlanJones]

XXX,

What do you mean by wasting days of your time coming to London? does this imply that you are not serious or what?
why do you think its waste of time coming to London?

This transaction is very serious and your name has been entered into the banking record as beneficiary, also huge sum of over 78,000 was spent in securing heritage approvals at the probate registry, so all those are not easy to change or cancel just like that, instead if you can not come this week then a new date will be scheduled to enable you come.

For your information this transaction is very serious and much has been committed to bring up the transaction up to the present stage to have your name keyed into the bank system as beneficiary.

Regards,
Frank Loboh.

[AlanJones]

It is very good to handle things according to procedures to complete the transfer smoothly without any hitch or questions in the future, having complete papers is very advantageous and also a cardinal key security to all concerned as the documents will show the source and origin of funds and the same documents that make bank A to accept the money will make bank B to accept the money too, therefore these papers will guarantee the safety of the funds.

Also note that getting FCC requires down the payment of 5% tax that is the reason for TDC, this TDC will broker the 5% Tax with a signed written instruction of the TDC authorizing the Bank to deduct 5% of total sum.

Usually there used to be higher heritage tax rate in the past years until a flat rate of 5% of the gross proceeds (the total amount earned on heritage or sale of property) is levied on money in the bank, real estate or buildings. This tax applies even on transfers of property to spouses, descendants, and ancestors.
Like I said we are doing everything in accordance with the heritage procedures and in compliance to the laid down rules and regulations, this process will ensure full/proper legalization of the money going to your account, because the taxes will make government to issue the rightful papers to guarantee safety of money in future to avoid any question from any bank or government both in your country or any other country.

The tax rate used to be very much higher, its much higher and could range from 4.5% to 15% depending on the country as you know some countries has higher tax tariffs than the others, however allow me to use America (USA & Canada and London UK in Europe and commonwealth Nations) as case study as they have one of the most established tax laws in the world:

In United States transfers to grandparents, parents, or lineal descendants are taxed at 4.5% only. whereas transfers to siblings are taxed at 12%. and transfers to any other persons (meaning relation or not) are taxed at 15%. Some assets are exempted from tax, such exemptions includes life insurance proceeds, gifts and disabilities if proven etc. Such inheritance tax is imposed on both residents and nonresidents who owned real estate and tangible personal property in America or United
Kingdom at the time of their death.

Whereas in some jurisdictions, when assets are transferred by inheritance, any unrealized increase in the value of those assets is subject to capital gains tax, payable immediately. This applies only in Canada where there are no inheritance tax rather all taxes are considered as capital gains tax (CGT).

So it is not a matter of how much you spent or what was paid for or not paid, it is matter of getting the rightful documents to accompany the money to explain and show the source of the money going to your account, besides nobody is asking you for money for personal keeps rather you were told to go inside the bank by yourself to complete the procedures, we made huge expenses here too over 78,000 in getting the preliminary approval documents that approved your name as the beneficiary/next of kin, these documents made it possible for your name to go into the banking system as beneficiary, the money is already there in your name and you need to complete the procedures to receive the money, any expenses made including the cost of travel and the tdc will be paid back from total sum before sharing.

But if you are not serious and capable kind inform us.

Regards,
Frank Loboh.

[AlanJones]

Frank says that the irs wants payment of 5% tax to issue the fcc documents and that 15.500 euro is needed for the tax deduction application forms (tdaf). he says that your presence is required in Switzerland to sign off the money with the tdc. He told me that he already sent you the requirements for getting the documents and as well suggested that you use the tdc to release the money.

Do your best to solve the paper issues with frank to enable us give the bank documents to credit your account and to get documents to show to your bank in your country.
Tell Boris we are working the documents and will send, then at your side organize requirements and fix date for going to complete the procedures.

Brown.