[kwlug-disc] Cash becoming illegal?
davec at visibleassets.com
Fri Nov 5 09:04:17 EDT 2010
BTW, I think there is a world of difference between illegal and not acceptable.
VP Software Development
Visible Assets Inc.
On Fri, Nov 5, 2010 at 8:53 AM, Insurance Squared Inc.
<gcooke at insurancesquared.com> wrote:
> It's everyone involved in any sort of financial transaction. Banks,
> insurance, financial planners, real estate agents,
> 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.
>> - Chris
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>> kwlug-disc_kwlug.org at kwlug.org
> Glenn Cooke
> Insurance Squared Inc.
> (866) 779-1499
> Insurance Agent Discussion Forum:
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