On the recordApril 26, 2018
The responsibility shouldn't all be on the banks. Banks are required to know their customers, but it shouldn't have to be this hard to find out actually who they are.
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congress.govCarolyn Maloney: “The responsibility shouldn't all be on the banks. Banks are required to know their customers, but it shouldn't have to…”
Editor's note · Context
Maloney emphasizes the burden on banks to collect ownership information.
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