Thursday, December 3, 2020

Vancouver no longer accepting cash payments over $10k to deter money laundering

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The City of Vancouver has announced it will no longer accept cash payments of over $10,000, an effort to deter money laundering through City Hall.The City said the $10,000 limit aligns with a federal reporting requirement by the Financial Transactions and Reports Analysis Centre of Canada to help identify and track potential money laundering.

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