Quote:
Originally Posted by bossku69
they are trying to make sure they are not caught up in money laundering with people having thousands stashed in epass, and that the funds will be used for appropriate things... this way if the IRS seizes records, they have you stating you got the funds from advertisers and your using the money to buy advertising.
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What he said. You think they are going to let you withdraw that sum of money without doing their due diligence and then getting raped by their own laws for not doing their job. They have no way of knowing where you got it from. It was all in one account.
Also, to note, it is actually very nice of them to not ask for due diligence on every person trying to get even a cent out.
There are rules that almost ALL banks in the world have to oblige set by the OECD. And the fact that they are asking you to only provide it for accounts with 10k+ is being nice in the first place.