Cash.app is basicly a mobile phone bank and it follows FINRA compliance. FINRA is the US regulatory agency that monitors financial crimes like money laundering. Long since PayPal and eBay became a hotspot for laundering money, FINRA made some basic requirements for money accounts used to transfer money between people through the service. Banks are required to collect similar information and verify your identity to allow FINRA to monitor accounts for large transactions to known criminals.
Cash.app is basicly a mobile phone bank and it follows FINRA compliance. FINRA is the US regulatory agency that monitors financial crimes like money laundering. Long since PayPal and eBay became a hotspot for laundering money, FINRA made some basic requirements for money accounts used to transfer money between people through the service. Banks are required to collect similar information and verify your identity to allow FINRA to monitor accounts for large transactions to known criminals.
Cash.app is basicly a mobile phone bank and it follows FINRA compliance. FINRA is the US regulatory agency that monitors financial crimes like money laundering. Long since PayPal and eBay became a hotspot for laundering money, FINRA made some basic requirements for money accounts used to transfer money between people through the service. Banks are required to collect similar information and verify your identity to allow FINRA to monitor accounts for large transactions to known criminals.
Cash.app is basicly a mobile phone bank and it follows FINRA compliance. FINRA is the US regulatory agency that monitors financial crimes like money laundering. Long since PayPal and eBay became a hotspot for laundering money, FINRA made some basic requirements for money accounts used to transfer money between people through the service. Banks are required to collect similar information and verify your identity to allow FINRA to monitor accounts for large transactions to known criminals.
