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<blockquote data-quote="Its_a_me" data-source="post: 5638275" data-attributes="member: 93115"><p>FYI...it should be Principles not Practices. </p><p></p><p>...and it means you can't send money to Russian Mobsters Bank where they bribe, torture, cheat, and steal and thus risk the accreditation of the company sending them money. That's why they need the account to follow GAAP standards.</p><p></p><p>It's all about not messing up their audit compliance. Not about protecting your 2nd deposit from bad actors.</p></blockquote><p></p>
[QUOTE="Its_a_me, post: 5638275, member: 93115"] FYI...it should be Principles not Practices. ...and it means you can't send money to Russian Mobsters Bank where they bribe, torture, cheat, and steal and thus risk the accreditation of the company sending them money. That's why they need the account to follow GAAP standards. It's all about not messing up their audit compliance. Not about protecting your 2nd deposit from bad actors. [/QUOTE]
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