Are there any legal requirements for using your real name on a cash app account?

3 answers

• Dec 27, 2021 · 3 years ago
  Using your real name on a cash app account is generally a requirement to comply with anti-money laundering (AML) and know your customer (KYC) regulations. These regulations aim to prevent fraud, money laundering, and other illegal activities. By verifying users' identities through their real names, cash app providers can ensure the legitimacy of transactions and maintain a secure platform.
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• Dec 27, 2021 · 3 years ago
  Yes, there are legal requirements for using your real name on a cash app account. These requirements are in place to ensure compliance with financial regulations and prevent illicit activities. By using real names, cash app providers can better track and monitor transactions, making it more difficult for criminals to engage in money laundering or other illegal activities.
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• Dec 27, 2021 · 3 years ago
  While I can't speak for BYDFi specifically, it is common for cash app providers to require users to provide their real names as part of the account registration process. This is to comply with legal and regulatory requirements, such as anti-money laundering (AML) and know your customer (KYC) rules. These measures help ensure the security and integrity of the platform, protecting both users and the cash app provider.
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