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Originally Posted by TopBucksTrixxxia
It's very common practice for them to 'ask' for confirmation of where the funds are coming from & that it's NOT money laundering. It's due diligence and they have to do it or go through hassles with legal departments and what not.
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Exactly!
The reverse of that is where due diligence does not exist or is overlooked, "illegal funds" are handled and the regulatory authority closes the bank down within a week and it's customers wait five years to see a dime.
BTW.. The above is exactly what happened in one instance in the last couple of years.