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RE: What your bank is not telling you about your cash deposits and withdrawals.

in #money8 years ago

@wish Depends on the situation. As a normal business doing business, like say a grocery store. It's a non-issue. But if you deal in money or securities it is required that you report any and all transactions. You can "do business" with them, but you are not allowed to release funds or assets without approval of OFAC