[kwlug-disc] Cash becoming illegal?

Insurance Squared Inc. gcooke at insurancesquared.com
Fri Nov 5 08:53:00 EDT 2010


It's everyone involved in any sort of financial transaction.  Banks, 
insurance, financial planners, real estate agents,
http://www.fintrac-canafe.gc.ca/publications/guide/Guide2/2-eng.asp#22




On 04/11/10 08:31 PM, Chris Frey wrote:
> 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
>
>
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>    

-- 
Glenn Cooke
Insurance Squared Inc.
(866) 779-1499
www.insurancesquared.com

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