Legal Question in Criminal Law in Illinois

Demand Draft

Hi,

I submitted the following question in this website before approximately one week ago but till today I didn't received any answer. Please go through the question and please try to answer me as soon as possible.

I am currently working in one currency exchange and on behalf of them sometimes I need to go to another currency exchange to purchase a bank draft payable to the company which our customer wants, in any foreign currencies. I pay through cash (given by my company where I am working) to purchase the bank draft and that currency exchange is demanding my ID for their records and in the receipt also they put my name ,id#, my residential address etc. Now I am worried about showing my identification for the bank draft which I am purchasing on behalf of my company, which in turn is selling it to our customers. My question is, is it legal? Is there any legal concerns in future about Income Tax, Money Laundering etc. etc. I would really appreciate if you could answer me as early as possible. Thanks...


Asked on 11/23/08, 3:26 pm

1 Answer from Attorneys
Motty Stone Law Offices of Motty Stone

Re: Demand Draft

I am fairly certain that I did see answers to your question...

If you are acting on behalf of your employer, and you make that clear to everyone, you should be okay. The other currency exchange is just making sure they can track you down. If you are uncomfortable with the arrangement, ask your employer for a company ID.

Read more
Answered on 11/23/08, 6:09 pm


Related Questions & Answers

More Criminal Law questions and answers in Illinois