Lifesong Development Group, LLC
902 S. Randall Rd., Suite C337
Saint Charles, IL 60174
For security reasons and in order to most expediently process transactions for all our customers we do not offer a walk in location or offer face to face exchanges.
Requesting KYC (know your customer) information both meets with the company’s requirements under the law, assists the government in preventing money laundering and most importantly to you ensures the integrity of all our customers transactions so the source of their currency is not called into question in the future on the basis of a failure to comply with regulations. Your information is totally secured and fully protected. Lifesong Development Group has been registered with the U.S. Department of the Treasury since 2007, is licensed with the State of Illinois and other states and have no marks against us with the Better Business Bureau nor are we aware that any complaint that has ever been filed against the company by any customer anywhere. Lifesong Development does not release any information to anyone outside of government regulators who periodically review our books in order to confirm that we are complying with the law. As a money service business (MSB) registered with the U.S. Department of the Treasury, Lifesong Development Group, LLC is subject to a periodic reviews by the U.S. Department of Treasury and states where it is licensed to ensure that we are properly identifying our customers and complying with the all laws governing banks, MSB’s and other financial institutions. For verification of these requirements for Lifesong Development Group, LLC and other financial institutions please review the information below. Links have been provided to the third party sources.
You may review our legal requirements here and refer to the excerpt below:
§1022.410 Additional records to be made and retained by dealers in foreign exchange.
(a)(1) After July 7, 1987, each dealer in foreign exchange shall secure and maintain a record of the taxpayer identification number of each person for whom a transaction account is opened or a line of credit is extended within 30 days after such account is opened or credit line extended. Where a person is a non-resident alien, the dealer in foreign exchange shall also record the person’s passport number or a description of some other government document used to verify his identity. Where the account or credit line is in the names of two or more persons, the dealer in foreign exchange shall secure the taxpayer identification number of a person having a financial interest in the account or credit line. In the event that a dealer in foreign exchange has been unable to secure the identification required within the 30-day period specified, it shall nevertheless not be deemed to be in violation of this section if:
A. There are many reasons people choose to buy foreign currencies.
Iraqi Dinar (IQD) –
Vietnamese Dong (VND) –
Hong Kong Dollar (HKD) –
Chinese Yuan (CNY) –
South Korean Won (KRW) –