Leslie R. Caldwell, former Assistant Attorney General for the Criminal Division of the DOJ, told a group of bankers while in office that they need to expand upon the ‘suspicious activity reports’ they are required to file on their customers by calling law enforcement directly on anyone withdrawing a large amount of cash, according to investor and financial blogger Simon Black.
Banks are already required to file ‘suspicious activity reports’ on their customers, with threats of fines and even jail time for directors if financial institutions don’t meet quotas.
But as investor and financial blogger Simon Black points out, last week, “A senior official from the Justice Department spoke to a group of bankers about the need for them to rat out their customers to the police.”
Assistant attorney general Leslie Caldwell gave a speech in which he urged banks to “alert law enforcement authorities about the problem” so that police can “seize the funds” or at least “initiate an investigation”.
As Black highlights, according to the handbook for the Federal Financial Institution Examination Council, such suspicious activity includes, “Transactions conducted or attempted by, at, or through the bank (or an affiliate) and aggregating $5,000 or more…”
Black provides a chilling scenario under which an attempt to withdraw your own money from your bank account could end with a home visit from the cops.
“As you pull into your driveway later there’s an unexpected surprise waiting for you: two police officers would like to have a word with you about your intended withdrawal earlier,” writes Black, who accuses banks of already operating as “unpaid government spies”.
“Do you need to withdraw cash to purchase a used car from a private seller? Or perhaps you are pulling out some emergency cash for a loved one,” writes Mac Slavo.
“Either one of these activities are now considered suspicious and if your cash withdrawal amounts to even a few thousand dollars your bank teller is under a legal requirement to alert officials about your suspected criminal activity. And before you argue that you can’t possibly be a suspect because you have done nothing wrong, consider that even being suspected of being a suspect is now enough to land you on a terrorist watchlist in America.”
The war on cash is intensifying as authorities attempt to crack down on one of the few remaining modes of anonymity.
Over in France, Finance Minister Michel Sapin hailed the introduction of measures set to come into force in September which will restrict French citizens from making cash payments over 1,000 euros.
The new regulations, introduced in the name of fighting terrorism, will also see cash deposits of over 10,000 euros during a single month reported to anti-fraud authorities.
Meanwhile, in the UK, HSBC is now interrogating its account holders on how they earn and spend their money as well as restricting large cash withdrawals for customers from £5000 upwards.
Back in America, purchasing Amtrak train tickets with cash is being treated as a suspicious activity as part of a number of behaviors that are “indicative of criminal activity”.
Banks are also making it harder for customers to withdraw and deposit cash, with Chase imposing new capital controls that mandate identification for cash deposits and ban cash being deposited into another person’s account.
If tour not doing anything illegal who gives a c**p if they report it, if im all they have to worry about and my bank withdrawals then the rest of the world should be ok
They been doing this for years–where you been.
Mike Garner, whether u are doing anything wrong is Not the point, Do U feel its ok for the Gov. to have their nose,& sticky fingers in ur money?
None of their business. This has to be stopped. DOJ is way off base.
I think the goverment would be happier if we just handed over every nickel we have.folks all we are is work ants for the goverment.and once we get old and can’t work anymore they have no use for us wich is why they try not to take care of us and hoping we die so they can keep all the money we pay into social security
Easy fix. Stop depositing your money.
Currently, you’re reported if withdrawals exceed $2000. (I thought?)
old obama post
Screw them, time to appoint new bosses
Obama’s Muslim and Anti-American infiltrated government at work! The American Government has been tainted with Anti-American operatives for the last 8yrs.
Anyone that is sympathetic to the loser Obama or Hillary is America’s enemy #1!
***** Warning ******
The Treasonous Muslim Obama and his Infiltrated Muslim Brotherhood, Liberal and Progressive minions are a National threat and America’s worst enemy!
Obama now knows intimate secrets about Americans Military and it’s weaknesses and passing this information to his other Anti-American operatives like Iran.
Obama and his minions reign of terror is just beginning.
The AM:
Not only has Obama given Iran billions of dollars as part of his phony nuclear deal, he’s approved a huge shipment of weapons grade Uranium to Iran that could be enriched to make nuclear weapons.
The Treasonous Muslim Obama’s sole purpose has always been to weaken and destroy America internally… He is now working on a bigger coalition to continue his Anti-American destruction now that he is out. Obama’s Muslim brotherhood is continuing and has been pouring across the border for the last 8 years and now hundreds of thousands shipped here as refugees to wreak havoc on America. Fits Right into Obama’s Plan.
Obama’s has infiltrated his puppets into the FBI, DOJ and the IRS!!! Which are now lawless criminal government entities. He has tarnished America with his Muslim Brotherhood and continuous but failed attempts to disarm True American Citizens and neutralize the American police. Emboldment of every criminal and Anti-American element on the planet. America is in peril and being attacked by Liberals, progressives and Islamist snakes internally. Hillary Clinton was the Continuation of Obama’s systematic destruction of America. Eventually Liberalism, Progressivism and Islam will be BANNED IN ALL Westernized countries!
Liberalism and Progressivism is True Good Americans Enemy #1.
Without them spreading their legs and America’s door wide open for Islamist and criminals America would be OK today. No mercy, they would have none for your children!
Fight back or be devoured!
It wouldn’t have stopped the scam. They’re not stopping the withdrawal, just sharing your personal, private data. It’s not against the law to not use banks.
The government’s understanding of exactly how much money is had gives them control because they now know how much they can take. Think about what would happen if everyone kept money out of banking system. They know at any given moment how much they can take from the people if they want it. It’s no different from SS funds.