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To: Ingtar

Wrong. Banks do this because if they don't the FDIC will shut them down. The FDIC comes in annually and makes sure a SAR was filed on any and everything that has the potential of being money laundering.

Also, banks can't hold a deposit of cash (which is exactly what this law applies to). They must give you immediate credit.


7 posted on 07/06/2006 4:29:32 PM PDT by VegasCowboy ("...he wore his gun outside his pants, for all the honest world to feel.")
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To: VegasCowboy

Reg. CC - The Expedited Funds Availability Act.


12 posted on 07/06/2006 5:08:18 PM PDT by Prodn2000
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