Quote:
Originally Posted by lorenavedon
if I go to the bank and they ask me where I got the money from. That's the exact same as asking me to prove where I got it from. it's a distinction without a difference. If I don't have to prove anything than I shouldn't have to answer anything. Either I'm accused of something or I'm not. ...
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You've got it all wrong. The teller is not in a position to accuse you of anything when you deposit cash. His/her obligation is to get the FINTRAC form filled to comply with the regulations. The form is your declaration to the Government that your cash is not illegal, that's it. The source of cash is NOT a question on that form, I believe, but even if asked, any reasonable and true answers (i.e. I had it accumulated over years, I've had someone repaid his debt to me, sold my car for cash etc.) are OK and could not be challenged by a bank teller. Even when they personally think that you are lying and acting suspiciously, all they'd do is they would report you later for further investigation, which may or may not result in any follow-up action by authorities unless they too believe that you may be involved in illegal activities.