Transaction by an exchange company

[jafersadeq]

Dear Gurus,

One of my transaction done by Exchange Company-Registered in the UK and regulated by FCA, they deposited a cash amount in my business account and they received a receipt from the bank,
The transaction in the bank statement shows: (Remittance/cash deposit/ the branch name), without any details, but the exchange company provide me and the bank with a letter says that they received the money from my home country and my name is in their letter, so I have the bank statement, original receipt from the bank, a letter from the exchange company in the UK with their regulations documents,

Is that acceptable as a readily identifiable transaction? Your opinions please.

Thanks,

[jafersadeq]

Any input

[zimba]

Money must be traceable to you. Whatever that means !
Why didn't you deposit the money in your personal account and then transfer it yourself to your company ??!

[jafersadeq]

Money must be traceable to you. Whatever that means !
Why didn't you deposit the money in your personal account and then transfer it yourself to your company ??!

Dear Zimba88,
Many thanks for your answer,
It was a large amount, the bank refused to deposit it in my personal account.
I have my -back home-personal bank statement, it shows the transaction in $ currency.
UK banks systems are same, if you deposit cash, they write just cash, no name.

Thanks

[zimba]

If you can prove that cash came from you, it is traceable to you. It is up to HO to interpret that one to be honest

[sm12]

Share capital would have been less of a problem. Anyway, they might accept it as loan. You should perhaps send the personal bank statement from your home country.