Sunday, July 16, 2017

Financial Martial Law And The Bank Secrecy Act

Physical gold/silver in the hand, in the mattress, in the garden: Time for the final confrontation with the bank criminals    

AGENCIES
By Chris Lowe
07/15/2017

Bank Secrecy Act Regulations explained by Bonner & Partners analyst Joe Withrow

The Bank Secrecy Act (BSA) requires US financial institutions to assist federal agencies in preventing money laundering.


All financial institutions are required by law to keep records of all financial activity, including cash purchases of “negotiable instruments”—checks, money orders, etc. These records are open to government inspection at any time. They are also subject to periodic audits by both federal and state governments. All financial institutions must immediately file a Suspicious Activity Report (SAR) with the federal government whenever a customer engages in transactions the institutions deem strange or inconsistent with normal behavior. 


This is open to interpretation.

There are also specific BSA regulations requiring financial institutions to file government reports. They are:
  • Currency Transaction Report (CTR): A CTR must be filed for each deposit, withdrawal, exchange of currency, or other payment or transfer by, through, or to a financial institution that involves a transaction in currency of more than $10,000. Multiple currency transactions must be treated as a single transaction if the financial institution has knowledge that: (a) they are conducted by or on behalf of the same person and (b) they result in cash received or disbursed by the financial institution of more than $10,000.
  • Report of International Transportation of Currency or Monetary Instruments (CMIR): Each person (including a bank) who physically transports, mails, or ships, or causes to be physically transported, mailed, shipped, or received currency, traveler’s checks, and certain other monetary instruments in an aggregate amount exceeding $10,000 into or out of the US must file a CMIR.
  • Report of Foreign Bank and Financial Accounts (FBAR):Each person (including a bank) subject to the jurisdiction of the United States having an interest in, signature, or other authority over one or more bank, securities, or other financial accounts in a foreign country must file an FBAR if the aggregate value of such accounts at any point in a calendar year exceeds $10,000. A recent district court case in the 10th Circuit has significantly expanded the definition of “interest in” and “other authority.”
  • Designation of Exempt Person: Banks must file this form to designate an exempt customer for the purpose of CTR reporting under the BSA. In addition, banks use this form biennially (every two years) to renew exemptions for eligible non-listed businesses and payroll customers.
There are also plenty of regulations about opening a bank account in the U.S.




Form W-9 Request for Taxpayer Identification Number and Certification: Applicants must be able to provide a taxpayer ID and certify under penalty of perjury that their ID is correct. The bank is required to enforce the IRS’s “backup withholding” rule if applicable. This means it must withhold customer funds if the IRS determines that you failed to provide a valid taxpayer identification number or failed to pay taxes on 1099 income.

Identification Requirements: Applicants must provide their name, permanent address, taxpayer identification number, and date of birth to verify their identity. Applicants must also submit a valid driver’s license, state ID, passport, or other primary identification documents.

Office of Assets Control (OFAC) Compliance: The bank must make sure the applicant is not on OFAC’s prohibited individuals list. This list includes individuals who have engaged in transactions with governments or individuals located in Cuba, Burma, Myanmar, Iran, and Sudan.

Unlawful Transactions: Applicants must certify that their account will not be used for internet gambling or any other illegal activity.




And all US banks now view large cash withdrawals as suspicious.

Under the Bank Secrecy Act, if you withdraw $10,000 or more in a day, your bank is required to file something called a Currency Transaction Report with the Financial Crimes Enforcement Network (FinCEN). This is a special bureau within the Department of the Treasury that’s tasked with combatting money laundering, terrorist financing, and other financial crimes.

And your bank is required to file something called a Suspicious Activity Report with FinCEN if it believes you are trying to avoid triggering a Currency Transaction Report by withdrawing smaller cash amounts. This puts all cash withdrawals under the microscope.

And taking out cash from the bank isn’t the only activity the government deems suspicious.




Other actions that will trigger a report being filed with the feds include: depositing $10,000 or more in cash with your bank… a foreign exchange transaction worth $10,000 or more… taking more than $10,000 in cash into or out of the US… receiving more than $10,000 in cash in a single payment as a business… or having more than $10,000 in accounts outside the US during a calendar year.

And even if you manage to get your cash out of your bank, having it on your person also makes you a target of the authorities.

Under civil asset forfeiture laws, police and federal agents can confiscate any cash you might have on you if they merely suspect it was involved in a crime. They don’t need to bring criminal charges against you or prove any wrongdoing. And they can keep any seized cash for themselves.

According to The Washington Post, since 2007, the DEA alone has seized more $3.2 billion in cash from Americans in cases where no civil or criminal charges were brought against the owners of the cash.


Physical gold, silver and cash in the hand is your financial guarantee - fuck the banksters and their criminal,  Satanic institutions

And forget about opening up a bank account offshore to diversify your risk of these kinds of clampdowns.

The Foreign Account Tax Compliance Act, or FATCA, became law in 2010. It imposes a lot of red tape on foreign banks with US clients. And the costs of complying with all this red tape means opening up bank accounts for Americans no longer justifies the benefits of overseas banks.

As a result, it’s now extremely difficult for Americans to open accounts overseas. It’s de facto capital control, even if the government won’t admit it.




This news bureau contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc.  We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.

Lunatic U.S. Hawks Want War On Russia And Iran

CNN fake news leads the charge for WWIII with Russia, knowing full well they will be on the hook for all U.S. military deaths in the illegal, immoral Bush/Cheney/Obama resource wars in Iraq and Afghanistan should peace break out  

STRATEGIC CULTURE FOUNDATION
By Stephen Lendman
07/15/2017

Bipartisan lunatics infesting Washington want all sovereign independent nations eliminated, replaced by pro-Western puppet regimes.


CNN fake news darling, warmongering psycho 
John McCain
It’s why US imperial wars are waged, not because of national security threats, humanitarian intentions or other fabricated reasons. Iran is a prime target. Neocons in Washington urge stiffer sanctions, renunciation of the JCPOA nuclear deal, and military confrontation – eliminating Israel’s main rival, giving Big Oil control over the country’s vast oil and gas reserves.

In 2008, then presidential candidate John McCain advocated bombing Iran. “Bomb bomb bomb, bomb bomb Iran,” he sang on his “Straight Talk” tour – to the tune of a popular Beach Boys song.


Then presidential aspirant Hillary Clinton was just as abhorrent. Even twice defeated for the nation’s highest office, she remains a deplorable profile of imperial arrogance and lawlessness.

During her 2008 presidential campaign, she raged against Iran, threatening mass slaughter and destruction, saying:

“I want the Iranians to know that if I’m president, we will attack Iran.”

“In the next 10 years, during which they might foolishly consider launching an attack on Israel, we would be able to totally obliterate them.”


CNN fake news warmongers know full well that their very existence depends on the continuation of endless illegal wars and the psycho Clinton was their best bet to avoid war crimes trials and responsibility for all U.S. military deaths in Iraq, Afghanistan and Syria

Iranophobe Dick Cheney wants war on the Islamic Republic, his alternative to the nuclear deal. He urged aggression as vice president. He still does, favoring cruise missile diplomacy.

Neocons consider Russia America’s top threat, solely for its sovereign independence and opposition to US imperial wars on humanity.

During the Cold War, extremists in Washington urged war on Soviet Russia, ludicrously believing it could be won at a small price to America.


CNN fake news now conducting 24/7 anti-Russia campaign for their CIA/Pentagon/military industrial complex masters

WW II General Curtis LeMay believed nuclear war with the Soviet Union was inevitable. In 1961, he urged launching thousands of missiles preemptively to destroy its nuclear capability – despite knowing retaliatory strikes on US cities would follow.

He believed America should strike while it had a clear military advantage, rather than wait for Soviet Russia to become a more powerful adversary.


LeMay

At the time, General Lyman Lemnitzer urged a surprise nuclear attack during a National Security Council meeting. In disgust, Jack Kennedy walked out.

He rejected calls for nuclear war. So did Defense Secretary Robert McNamara. Later extremists urged the same thing.

On July 12, former Clinton advisor/political consultant Paul Begala disgracefully lied, saying America is “under attack by a hostile power.”

“(W)e should be debating how many sanctions we should place on Russia or whether we should blow up the KGB, GSU, or GRU (its armed forces’ foreign intelligence agency).”


CNN fake news needs to be recognised by Americans as the real enemy of world peace, responsible for all U.S. military deaths in the bogus wars they lied America and the world into and held accountable individually and collectively at The Hague War Crimes Tribunal and U.S. criminal and civil courts, thereby destroying this threat to humanity once and for all

“We should be retaliating massively” – for its nonexistent US election hacking, the phony accusation refusing to fade away and die.

“By the way,” Begala added, “if I were a Trump supporter, I would want to retaliate massively because it tainted his victory” – only because dark forces opposing him use the Big Lie for this purpose.
 
America’s bipartisan lunatic fringe makes the unthinkable possible. Their rage for endless wars may end up killing us all.



This news bureau contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc.  We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.

WAYNE MADSEN: Return Of Pentagon Mercenaries Worries U.S. Active Duty Military

Back to the future for the Pentagon madmen: this time around there needs to be an international response including the targeting and elimination of these scumbags by Spetsnaz

WAYNE MADSEN REPORT
By Wayne Madsen
07/14/2017

During the time that U.S. Defense Secretary James Mattis and National Security Adviser H. R. McMaster are reviewing the U.S. military policy in Afghanistan, The New York Times ran a story on July 10, 2017 that exposed a threat that will upend U.S. defense strategy and return it to a bitter past. The Times story was centered around the following paragraph:


Blackwater mercs dangle from a bridge in Fallujah 
"Erik D. Prince, a founder of the private security firm Blackwater Worldwide, and Stephen A. Feinberg, a billionaire financier who owns the giant military contractor DynCorp International, have developed proposals to rely on contractors instead of American troops in Afghanistan at the behest of Stephen K. Bannon, Mr. Trump’s chief strategist, and Jared Kushner, his senior adviser and son-in-law, according to people briefed on the conversations."


The history of Blackwater and Dyncorp is one of heinous war crimes in Iraq and the Balkans and massive fraud involving U.S. taxpayers’ money in military forays around the world. After coming under investigation for his activities as Blackwater’s chief, Prince, whose sister is Donald Trump’s Education Secretary, Betsy DeVos, sold the company and moved his mercenary operations offshore to Abu Dhabi.

Prince’s Abu Dhabi-based company, Reflex Responses (R2), has been recruiting and training forces from around the world, particularly from Colombia, Chile, Honduras, South Africa, and Romania as mercenaries for Abu Dhabi’s crown prince Sheik Mohamed bin Zayed al-Nahayan. There is a strict prohibition on hiring Muslim military personnel since they cannot necessarily be relied upon to kill fellow Muslims. The mercenaries, who are based at the large Zayed Military City outside of Abu Dhabi, are commanded by ex-special forces officers from the United States, Britain, France, and Germany. R2 recruits mercenary personnel via an offshore pass-through company, Thor Global Enterprises, which is based in the British Virgin Islands. R2 mercenaries have been reportedly fighting as part of the Saudi-led coalition in Yemen’s civil war against forces opposed to Saudi domination of Yemen. Prince uses the code name "Kingfish" in all communications and documentation related to R2.


Bush, Cheney, Rice, Rumsfeld et al. have a future date with The Hague War Crimes Tribunal along with Prince and his scumbag mercs

Feinberg, a Trump supporter, controls Dyncorp through his firm Cerberus Capital, an investment firm that controls several Pentagon contractors. Dyncorp was the subject of several congressional and inspector general investigations in Washington, including its role in the sexual trafficking of children and women in Kosovo and Bosnia while supporting Pentagon and NATO operations in those countries.

After Prince changed the name of Blackwater to Xe Services in 2009, he sold it in 2011 to USTC Holdings, which eventually changed the name of the firm to Academi. The firm was, along with its competitor mercenary firm Triple Canopy, acquired by Constellis Holdings in 2014. The changing corporate names and ownership represented a typical Central Intelligence Agency corporate shell game. Academi continues to maintain Blackwater’s original 7,000-acre military training facility in Moyock, in northeastern North Carolina.

Prince has long desired to see the Pentagon and CIA privatize its foreign military adventures to companies like Academi and R2. If Bannon and Kushner have their way, that desire may come to fruition in Afghanistan, now America’s longest war.




During the George W. Bush administration, Blackwater was a major security contractor for the State Department, providing security personnel for U.S. diplomatic posts worldwide. The State Department contract was rife with fraud. In sworn congressional testimony in November 2007, State Department Inspector General Howard "Cookie" Krongard at first denied his brother, former CIA Executive Director Alvin B. "Buzzy" Krongard, had any relationship with Blackwater.

After the House Committee on Oversight and Government Reform produced documents proving that Buzzy Krongard had been invited the join Blackwater Worldwide's Advisory Board and had accepted the invitation and attended a Blackwater advisory board meeting in Williamsburg, Virginia a few hours before Howard Krongard's testimony, the State Department IG changed his testimony to avoid a perjury charge.

Blackwater was already under FBI and Justice Department investigations for the shooting deaths of 17 Iraqi civilians on September 16, 2007. The company was also under Justice Department investigation for the smuggling of weapons to Iraq. Some of the weapons reportedly ended up in the hands of various insurgent groups in Iraq. The major reason for the State Department, CIA, and Department of Defense to hire a firm like Blackwater was to hide from federal investigators and congressional committees covert U.S. military operations abroad and even those within the United States during events like post-hurricane Katrina security operations in and around New Orleans.


Iraq revokes Blackwater's licence after shooting kills civilians

The presence of Betsy DeVos in the Trump administration, along with the return of Prince to the highest corridors of power in Washington after his self-imposed exile in Abu Dhabi, has, once again, brought focus on the DeVos and Prince families ties to right-wing Republican politicians. The DeVos family has used various corporate entities, such as the Windquest Group, DP Fox Ventures, and Alticor, Inc. (formerly Amway), to funnel thousands of dollars to conservative GOP politicians and their political action committees. Prince has close ties to right-wing Christian evangelical political groups like the Family Research Council, as well as to the Mercer Family Foundation, the group headed by Rebekah Mercer, which gave financial and technical deep data-diving assistance to the Trump presidential campaign. The Mercers are the political patrons of Trump’s chief strategist Stephen Bannon and Trump adviser Kellyanne Conway.

Dyncorp provided security services, under State Department contract, to Afghanistan’s then-president Hamid Karzai and Haitian Presidents Rene Preval and Jean-Bertrand Aristide. The firm was believed to have participated in the 2004 CIA-initiated coup d’etat that deposed Aristide and the company may have had more than passing knowledge of financial corruption involving Karzai. Blackwater’s Aviation division was involved in covert operations in not only Afghanistan, but also Kyrgyzstan, Pakistan, and Uzbekistan. On November 27, 2004, a Blackwater CASA 212, designated "Blackwater 61," crashed in a canyon in a remote part of Afghanistan. There were no survivors among the crew and passengers. The Blackwater pilot never filed a flight plan before it took off from Bagram airbase in route to Farah and the aircraft did not maintain a tracking system to locate the plane. The U.S. National Transportation Safety Board (NTSB) later determined that the pilot and crew engaged in reckless conduct and multiple mistakes.


Blackwater scum need to be eradicated worldwide by any means necessary: U.S. military and especially Marines should be given license to shoot on sight as rogue veterans in their ranks bring dishonor to all military branches

Among the passengers killed in the crash of Blackwater 61 was Army Lt. Col. Michael MacMahon, who left young children and a widow, Army. Col. Jeanette MacMahon. Col. MacMahon later wrote to the House Oversight Committee about the crash that killed her husband: "Some would say it was simply a tragic accident, and that accidents happen especially in a combat theater. But this accident was due to the gross lack of judgment in managing the company [Blackwater]... My impression of Blackwater after having served 10 months of my tour in Baghdad is that they are trigger happy, unrestrained by our army's rules of engagement, a danger to Iraqi civilians and coalition forces alike, behave as if they are above the law, are viewed as indiscriminate killers by the population, and have no business operating in a combat theater. The consensus among my peers is they are a liability, not an asset."

For the Pentagon and CIA, Blackwater Aviation was a return to the "Wild West" days of the reckless Air America, which flew every kind of cargo, from guns and chickens to high-grade heroin and commercial electronic goods, during the Indochina war. If Bannon, Feinberg, and Prince have their way, America’s "drug store cowboy" mercenaries will be calling the shots again in Afghanistan and perhaps other current and future war zones around the world.



Wayne Madsen

Wayne Madsen
Investigative journalist, author and syndicated columnist, Madsen has over twenty years experience in security issues. 

As a U.S. Naval Officer, he managed one of the first computer security programs for the U.S. Navy. Madsen has been a frequent political and national security commentator on Fox News and has also appeared on ABC, NBC, CBS, PBS, and MSNBC. He has been invited to testify as a witness before the US House of Representatives, the UN Criminal Tribunal for Rwanda, and an terrorism investigation panel of the French government. A member of the Society of Professional Journalists (SPJ) and the National Press Club, Madsen is based and reports from Washington, D.C.

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ANDREW KREIG: EXPERTS REJECT FIRE AS CAUSE FOR 9/11 WTC COLLAPSES

The real truth on 9/11 slowly continues to bleed out

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Technical experts are mounting major challenges to official U.S. government accounts of how three World Trade Center skyscrapers collapsed in near-freefall after the 9/11 attacks 15 years ago.

Many researchers are focusing especially on the little-known collapse of

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The Geopolitics Of The United States, Part 1: The Inevitable Empire

The Empire and the inevitable fall of the Obama criminal regime

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STRATFOR Editor’s Note: This installment on the United States, presented in two parts, is the 16th in a series of STRATFOR monographs on the geopolitics of countries influential in world affairs.

Like nearly all of the peoples of North and South America, most Americans are not originally from the territory that became the United States.

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Geopolitics Of The United States Part 2: American Identity And The Threats of Tomorrow

A look back at 2011 predictions for the future in order to put events of today into perspective

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We have already discussed in the first part of this analysis how the American geography dooms whoever controls the territory to being a global power, but there are a number of other outcomes that shape what that power will be like. The first and most critical is the impact of that geography on the American mindset.

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By Robert S. Finnegan

This e-mail outlines and confirms the acts of espionage against Indonesia and Indonesians by Akiko Makino and the others involved both in Kobe University and in AI Lab at University of Airlangga, Surabaya; Bahasa Indonesia original follows English translation...

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UPDATED 01/07/2015 : New Analysis Challenges Tamiflu Efficacy; Hong Kong Corona Virus Outbreak

UPDATED 01/07/2015 : FOX NEWS CORPORATE PHARMA SHILL MEGAN KELLY AND FOX NEWS QUACK DOCTOR NOW PUSHING TAMIFLU FOR PREGNANT WOMEN AND CHILDREN;

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THE 5TH ESTATE UNEQUIVOCALLY WARNS THE PUBLIC NOT TO TAKE OR GIVE THIS PROVEN DANGEROUS, INEFFECTIVE DRUG TO ANYONE

Obama criminals now resulting to biowarfare in quest to destroy Chinese and ASEAN economy; "novel virus substrain" points directly to a Kawaoka / Fouchier / Ernala-Ginting Kobe lab virus weaponized and genetically altered to specifically target and infect the Asian population: Ribavirin...

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The 5th Estate has just purchased a library on H5N1 "Novel" virus pandemics, there are dozens of PDF and Exel documents we feel will assist you in saving lives following intentional releases of the H5N1 and now MERS viruses; we will begin by printing those that appear to be extremely relevant here: H5N1 Kobe-Kawaoka-Ernala series continues soon with more "Smoking Gun" e-mails from Teridah Ernala to The 5th Estate . . .

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By Robert S. Finnegan

On October 12, 2002 the Indonesian island of Bali experienced a terrorist attack that rocked the world. It was unquestionably well-coordinated and executed, the largest in the country's history.

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