Quote:
Originally Posted by First Lady
I then asked; “What if I deposited cash?” Response; “Cash is ok.” So I asked; “What identification would I need to provide?” …. Response; “None.”
Which is odd, since at every other bank when I deposit cash to someone else’s’ account I have to produce my drivers license and they record the number. This is to prevent, discourage and track money laundering.
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I have
never been asked for ID when depositing cash into somebody else's account. I do it semi-regularly for my girlfriend at TD, and in the past I have done it for room mates at Royal Bank and Scotia Bank.
Now, I might have to pull a move like on "Office Space" and actually look up money laundering on Google, but I think there's more than just the matter of depositing cash required to actually launder money. Doesn't it have to change hands a few times so the "dirty" money now appears to come from a "clean" source?