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02-22-2023, 06:53 AM
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Senior Member
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Join Date: Mar 2020
Posts: 307
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Quote:
Originally Posted by retiredguy123
Yes. The Federal Government has rules for banks called "know your customer". The rules are not cast in stone, but banks can be audited, and they must have policies in place where they know who is making deposits and doing other business. For example, I don't think a bank will accept a cash deposit into an account that is not owned by the depositor.
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That is correct.
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