If you are in business and the government will not allow you to open a bank account, what do you do? Thirty years ago, almost anyone could walk into a bank and open a bank account with no questions asked. But now it is increasingly difficult for honest people and businesses to open bank accounts because of all the new regulations on banks, which are intended to make life more difficult for terrorists, drug dealers, child pornographers, money launderers and other assorted criminal types. Banks and other financial institutions are subject to “know your customer” regulations and are supposed to monitor the funds they receive to make sure they do not come from criminal sources.
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