I have a relative who is looking to sell a property in Hong Kong. She lives in the U.K. and is a U.K. tax payer. She has been advised by someone she knows that she needs to travel to Hong Kong in person to reactivate her currently dormant BOC bank account to allow the funds from the sale to be transferred into this account.
My question is, can she not just simply nominate her usual UK-based HSBC account to have the funds transferred into via the IBAN, rather than having to travel to HK in person, or are there rules/laws in place that prohibit this?
Any advice would be very much appreciated!