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.
The Dodd Frank Law in 2010 totally changed the banking laws. We will never again bail out the banks. The law says that we will have a bail in instead. What this means is that the money that we deposit in the banks is no longer our money. Dodd Frank says that when we deposit money in the bank, we are actually lending our money to the bank, therefore it becomes the banks money. We are now the banks creditors. If the bank fails, they don’t have to pay back their creditors or depositors. The banking laws have also been rewritten like this in Europe. That is how they were able to go into peoples bank accounts and take money out when banks failed in Cyprus in 2013. Since then, it has also happened in Greece, Spain and Italy. Folks in Europe are getting upset watching this happen in other countries and have been taking money out of the bank. Now, countries like Sweden and Denmark and Canada are starting to debate how they will change their countries to cashless societies. The US government says that if we had a banking crisis that they would reimburse depositors/creditors up to 100,000k (250,000k) however, studies have shown that if all of those banks would have failed in 2008, the US government wouldn’t have had enough money in the treasury to insure depositors as promised. Please keep in mind that there are 25 major banks in Europe that did not pass the stress test last time. Your money is not as safe in the banks as you may believe.
Is this for real???? Very disturbing
Time to start keeping your cash at home, buy Silver / Gold and precious metals such as LEAD !!
JOHN – I thought it was 10,000 DOLLARS Previously???
Yes but they reduced it in the late’80’s early’90’s
1984 HERE WE COME!!!!
Emily Hughes~
Thank you for your interest. As we listen to the news around the world, we’re seeing fear, anger, and frustration because we don’t understand what’s happening to our lives and the world we live in. It seems to have changed overnight. What’s happened is there has been a battle going on for a very long time, and it’s coming to it’s final end. It’s a battle for authority and control, of Good versus Evil, and we are the trophies. There are two forces in this world. We have the Globalists or Elitists, (like the Rothchilds, the Rockefellers, and the Morgans) who have chosen to rob, and to enslave others. They’re attempting to bring about a One World Government, using the AGENDA 21 plan. It’s purpose is to forcefully control all the people in this world. They will be able to control everyone’s actions and where abouts by the use of a databased chip, that will be inserted in your right hand or your forehead. No one will be able to buy or to sell without that chip. It will appear to be a solution to end all crime. Those who refuse it will be considered to be enemies of world peace, and will be “eliminated”. But if you owe a bill and instead opted to buy food because of limited funds, they will turn off your chip and force you to pay your bill, as a “responsible world citizen”. The Bible is very clear that there is going to be a great evil associated with this “mark”, and we are to refuse it. Those who take that mark will be a worshipper of that evil, and will be separated eternally from God. However, God will provide an eternal place of peace, love, joy and rest to all those who will instead, surrender themselves to His authority, asking Him to be their Savior, Lord, and Protector. He said to ‘choose you this day, whom you will serve’. We can choose the Lord Jesus, who in Great Love, paid our debt for all our sin at the Cross, or we can continue without acknowledging Him, and hope things will be okay. He promises us Peace that this world can never understand nor realize, and an Eternity with Him, filled with Great Love, Joy, and Peace forever, without end, never, ever again having pain or sorrow! He is our ONLY Hope, as this world is coming to it’s final days. The choice is yours. Please, call on Him today.
When I was a bank branch manager in the 80″s if a customer made a 10K cash transaction we had to fill out a form and file it with the government. With the cost of things having increased so much and all other inflation taken into consideration this amount needs to be increased if anything not lowered. And call not just fill out a form??? It was said that the 10K was so if need be they can track drug deal and some forms of illegal foreign exchanges. This is not!
But you still don’t need ID to vote in most areas…..wtf???
Number one reason I refuse to have an account anywhere