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I received this email when i made a purchase
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Posted October 1, 2012 at 8:36PM
Checkout Compliance firstname.lastname@example.org
Google Checkout was unable to verify the account information you provided during the sign-up process. As a result, your account has been temporarily suspended. Until we receive and verify the requested documents, you will not be able to place orders. Please complete the form below to verify your information.
Collect all of the following documents: A bank statement or utility bill that includes your billing address Your driver's license or passport information page Scan or copy each document, making sure the copies are clear and legible. Submit the documents to Google using the form below. Alternatively, you may fax the information to 650 963 3342, or +1 650 963 3342 if you're outside the United States.
We'll contact you by email once we've received and verified your information.
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Posted October 3, 2012 at 4:50PM
I admit that it's all quite confusing, but in essence the law states that any institution or commercial concern which handles money on behalf of other people must be able to demonstrate that it has verified the source and destination.
Nowadays if you walk into your bank and plonk £20,000 on the counter to be paid into your account you will almost certainly be asked to declare the source of the money.
If you start an online business, and use a third-party payment processor you will be asked to verify your bank account before any funds will be transferred to you. This usually means the company pays a small amount into the account, and you have to confirm receipt and declare the amount. Any suspiciously large amounts arriving for onward transmission may be reported to the authorities without your knowledge. That may trigger HMRC to inspect your next tax return very carefully.
The system is constantly being tweaked and tuned - governments are determined to get to grips with money laundering and tax evasion.
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