b'How to Legally Raise Private Moneydency or company documentation and verifying it against the AML lists. Word of caution: You should do this for everyone. Just because an inves-tor is in the U.S. and speaks good English, doesnt mean that person isnt on the list of sanctioned or prohibited persons. Depending on the circumstances, an issuer may be obligated to file a suspicious activity report (SAR) with the Financial Crimes Enforcement Network(FinCEN), abureau within theU.S.Department of Treasury if: a) a transaction is conducted or attempted to be conducted by, at, or through the issuers investment opportunity; b) the transaction exceeds $5,000; and c) the issuer knows, suspects or has reason to suspect that the transaction, among other things, involves funds or is intended to disguise funds derived from illegal activity, or involves the use of the investment to facilitate criminal activity. Reporting information is available on FinCENs website at http://www.fincen.gov.In addition to the above requirements, U.S. banks may be required to report to various federal and/or state agencies certain deposits into a U.S. bank account by a non-U.S. person. You should check with your banking institution to determine the ap-plicable banking rules and whether deposits from non-U.S. persons will trigger such reporting, and whether the banks due diligence is sufficient to satisfy the issuers AML due diligence and reporting obligations. Dont assume it is. Some banks may not accept funds over a certain amount from non-U.S. persons or there may be a delay in clearing the funds. Such persons may wish to set up a custodial account with a trust institution to get the funds to the U.S. in advance of the offering. WHO IS ENTITLED TO THE EXEMPTION?The exemptions we have discussed above include Regulation D, Rules 506(b) and 506(c), Regulation A+, and Regulation CF, all of which can be claimed by the issuer of the securities. The Securities Act defines the issuer of the securities as every person 68'