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.
There’s another “mark of the beast” and interpretation of “in the right hand or on the forehead”. When the Bible refers to the right hand, it usually means/signifies action or work; when it refers to the forehead, it usually means/signifies thought or decision making. A “mark” refers to allegiance to someone or something. Those who keep God’s commands (by conscience decision and/or action) show their allegiance to Him; those who don’t keep His commands (by conscience decision and/or action) will show their allegiance to the anti-Christ. Another point: when John wrote Revelation on the Isle of Patmos, he did so in Greek. “Anti” in ancient Greek more often than not meant “substitute for”, not “against”. The anti-Christ will probably be a spiritual entity used by the dragon (Satan) to deceive, “even the very elect”. Look for an entity that will speak blasphemy – claim to be God and be able to forgive sin.
It’s my money and I want it now!!!
there will be a tremendous amount of black market trading before I take a chip.
If I had 5000$ anywhere
This year when my taxes hit my account I am going to my credit union and withdrawing all of it just to make them open an investigation and show just how stupid this is. I am going to have some fun!!!
Damn my bank doesn’t now anything about this.
Charles keep inside of your government paid house and keep swipping your ebt card for cash and food so you can keep drinking your supply of kool aide i hope you don’t go knocking on others who are prepared for what is to come when the black trucks and buses coming down your road to come and load you up
JP Marin
The object is to criminalize the most ordinary activities.
just tell any law enforcement to go fined some thing els to do because they have NO SUBJECT MADDER JURISDICTION. And you are NOT GOING TO GIVE THEM SUBJECT MADDER JURISDICTION>