dpylyp
Active Member
on June 23rd 2008 The financial Tracking and Reporting Laws Come into effect.
They require Disclosure to the Government of any Large Cash Deposits.
Requirements to Take copies of photo ID and Passports.
No one seems to be talking about this... but its a huge issue.
I summarized the legislation here as it pertains to Real estate; FINTRAC Guidelines
In light of the [Scarborough] Agent who was recently beaten and left bound at the property, Photo ID does not appear that cumbersome.
ODDLY, Your lawyer would be exempt from telling anyone you paid cash.
They require Disclosure to the Government of any Large Cash Deposits.
Requirements to Take copies of photo ID and Passports.
No one seems to be talking about this... but its a huge issue.
I summarized the legislation here as it pertains to Real estate; FINTRAC Guidelines
In light of the [Scarborough] Agent who was recently beaten and left bound at the property, Photo ID does not appear that cumbersome.
ODDLY, Your lawyer would be exempt from telling anyone you paid cash.