My foreign-owned LLC runs a cash-intensive business — what extra AML requirements do I face?
I am a Mexican citizen with a U.S. LLC that operates food trucks in Houston. Most of my daily revenue is cash — usually $2,000 to $5,000 per day across three trucks. I deposit cash at the bank two or three times per week. The bank keeps asking me questions about the cash deposits and sometimes holds my deposits for a day. A friend who runs a restaurant said cash businesses get extra scrutiny. What additional AML requirements apply to my cash-intensive foreign-owned LLC? How do I keep the bank happy without it becoming a full-time job?
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