We would like to solicit investors to invest in our company for a share of the profits... and we were wondering what do we need to do to comply with the U.S. Patriot Act and laws - especially with overseas investors and is there any questionable or red flag amounts and also, avoid being a conduit for money laundering???
You really need a good lawyer with a lot of experience in this field.
You should also start with the SEC's reg. D or like regulations - http://www.sec.gov/answers/regd.htm
I also beleive that public solicitations like the one you are doing here is in violation of Reg. D and other SEC regulations.
For information on the Patriot act - http://www.fincen.gov/statutes_regs/patriot/
You could also stick with countries that do not have an issue with the patriot act. I would avoid countries that would have the extra scrutiny. But it is good to consult with and atty.
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Thanks for jumping in Phanio and providing some great resources!
You could also stick with countries that do not have an issue with the patriot act. I would avoid countries that would have the extra scrutiny. But it is good to consult with and atty.
JamieD | Former Moderator | 12/15/2009 - 9:52 am
phanio | Contributor | 12/15/2009 - 9:07 am
jimroberts | Creator | 3/23/2010 - 10:45 pm
jimroberts | Creator | 12/25/2009 - 9:00 pm
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