[kwlug-disc] Cash becoming illegal?

Chris Frey 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.

Thanks,
- Chris




More information about the kwlug-disc_kwlug.org mailing list