U.S. Government requirements concerning the following types of transactions are as follows:
Less than $2,500.00, name & phone number of sender and recipient.
From $2,501.00 to $9,999.00: Two valid form's of I.D. are required, copied and retained for our records.
Ten thousand dollars and above requires completion of a CTR and notification to the IRS.
Customers are advised that the government is monitoring cash transactions to prevent illegal activities. Regulations are altered to tighten and close loopholes. The company is committed to keeping up with the regulations and changing its procedures in order to comply with the law.
Middle East Financial Services, Inc. as well as other Money Transfer companies is required to report suspicious and unordinary transactions.
Circumventing government regulatory procedures may result in fines and/or imprisonment for all parties involved.