[kwlug-disc] Cash becoming illegal?
cdfrey at foursquare.net
Thu Nov 4 20:31:08 EDT 2010
On Thu, Nov 04, 2010 at 07:56:49PM -0400, Insurance Squared Inc. wrote:
> Trust me, you're not paranoid enough. Saying it's frowned upon is not
> near close to the truth. The current regulations surrounding money
> laundering and terrorism is insane. If you come to me to put money into
> your life insurance policy and hand me cash, I ask for some ID, you
> decline and take your business elsewhere, I am *required* by law to
> complete a report with the government. Required. By law. That one
> slipped by the public a year or two ago with no outcry.
Do you have a reference to which act this is? I'm curious whether this
is just for insurance, or something more general.
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