06-04-2021, 01:45 PM
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#3235
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Need my Daily Fix of RS
Join Date: Sep 2013
Location: Vancouver
Posts: 287
Thanked 309 Times in 76 Posts
Failed 13 Times in 7 Posts
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Quote:
Originally Posted by mikemhg
Our financial regulatory system is so odd, and is literally built to be circumvented.
A transaction over $10,000 within a bank must be reported to FINTRAC, yet a purchase above that amount in cash to a dealership, luxury store, jeweler, and so forth has zero requirements.
I find it odd our government has ignored this loophole for so long now.
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This is also false
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