KirkWylie

KirkWylie

2p

2 comments posted · 0 followers · following 0

14 years ago @ Feld Thoughts - StartupVisa Momentum · 0 replies · +1 points

The worry with any type of representation like that is that it's going to be just like the "ultimate-source-of-funds" regulations that are part of current AML rules. They're toothless, and just cause more paperwork. If they weren't so easy to get around, there'd be no more money laundering. But they are, and they're just a PITA for everybody who has to comply with what everybody knows are toothless rules.

What about a loan of the money from a non-family member (an issue I addressed in my follow-up post, linked above)? That's not from the applicant or a family member, but would satisfy the particular concerns above, and is the more likely case.

14 years ago @ Feld Thoughts - StartupVisa Momentum · 2 replies · +1 points

Hi, Brad,

I've made Yet Another Foray into the mess.

Hope you guys can consider my criticism as at least constructive!

Kirk