Posted on 03/29/2015 6:44:19 PM PDT by SeekAndFind
Most bank branches don’t have enough cash for large withdraws and need advance notice to have it on hand. The amount for a report is 10,000 last I checked.
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Not only does the bank not have the cash, they will file a SARS (suspicious activity report) AND report you to law enforcement.
Justice Department Rolls Out An Early Form Of Capital Controls In America
http://www.freerepublic.com/focus/f-news/3270452/posts
The U.S. Justice Department’s criminal head said banks may need to go beyond filing suspicious activity reports when they encounter a risky customer.
snip
Earlier this 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.
Well, that's because laws only exist to help expand the Welfare State, not to limit it in any way. If a tireless defender of redistribution like Hillary Clinton wants to delete a few e-mails, hey, that's her prerogative. But if a white woman (whose son is probably an anti-progressive gun nut) tries to deposit cash, clearly the interests of the Welfare State are potentially at risk. /s
translation, citizens are seeking ways to dump euros.
Clearly! LOL!
She made several small deposits which is not illegal.
What if the feds recorded the serial number of every $20 bill given out by an ATM, and required banks to record the numbers of every $20 bill deposited? Where’s George? Washington or Orwell?
An unjust law should be openly disobeyed. Those who try to enforce it should suffer consequences.
And, is it a law, or a regulation as in executive orders?
1) Perhaps a small amount to someone as wealthy as you are. $9k is a chunk of change for most of us.
2) Yes, is illegal when a reportable amount is broken into separate deposits to avoid the reporting requirements. And $180,000.00 would certainly have been reportable if she had carried it all in to the bank at one time. It wasn't like the family hadn't been caught before and warned. (See, I remember the true story, not the blogger spin) http://www.desmoinesregister.com/story/news/2015/02/10/dubuque-widow-hubands-cash-deposits-lawsuit/23195305/
I posted a link to the statute in Post 30.
As they say, “Don’t do the crime if you can’t do the time.” Feel free to proceed as you feel led, and don’t whine about the consequences of your acts.
Excellent point.
Shows how paranoid I am - when I make a withdrawal I do it from the ATM outside and make it pay out $100 bill denominations. I then take the bills inside where they exchange them for me (without showing ID).
Not impossible to track but the broken chain makes it harder.
There have been proposals to chip each bill -- To prevent counterfeiting you know.
Rendering unto Caesar was Jesus’ admonition. But the feeling of satisfaction that would come from delivering consequences to those who promoted and would enforce this creates a powerful temptation!
My bank's ATM deals only in $20 bills.
I bailed on BOA when they were pandering to illegals and joined a credit union. They’re great if you do online banking but if I need to have access to a “full feature” counter I visit one of the affiliate offices in town.
I discovered that the ATM dispensed C-notes by default quite by accident but it has worked out OK.
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