Posted on 12/23/2022 9:46:19 AM PST by Jan_Sobieski
For more than half-a-century, Uncle Sam has been giving banks the legal tools to snoop into the otherwise-private affairs of their customers. Now, they are monitoring the exercise of their Second Amendment rights.
Thanks to a recent move by the International Organization for Standardization (ISO, headquartered in Switzerland), U.S. banks are starting to build databases on their customers’ purchases of firearms and ammunition. And, of course, they are ready and quite willing to share that information with federal law enforcement in the name of providing a public service to identify “mass shooters.”
This invasion of privacy began in earnest with enactment of the Bank Secrecy Act of 1970, which mandated that banks assist federal law enforcement in uncovering, investigating, and ultimately prosecuting violations of federal law.
Banks have long complained about the burdens of compliance with the 1970 law and several related laws signed since then due to the multi-faceted regulations they spawned. But the trove of data these procedures have allowed banks to gather and database has more than paid for the costs of compliance.
These laws’ main focus, according to the Treasury Department, which has primary responsibility to their enforcement, has been money laundering. Over the years, however, the many-headed hydra we call the system now includes virtually any banking customer activity that a bank employee might consider to be suspicious. In fact, banks’ primary tool in this regard is a document called a “Suspicious Activity Report” or “SAR.”
Then there is the USA PATRIOT Act, passed in the immediate aftermath of the 911 attacks…
(Excerpt) Read more at dailycaller.com ...
So they covered the soap box with facebook, tic tok and formally twitter,
They covered the ballot box with mail in voting and vote harvesting.
Now they are going after the ammo box with the banks.
The tree of liberty needs to be refreshed before it’s too late.
Will paypal withdraw 2,500 from the account before it’s closed? Why is it that we have no recourse for this? Do the dems want it that way? (Obvious answer - yes)
Probably some connection.
How convenient!
Because the first word in ISO is International, not Intranational.
Time to go buy some ammo.
Barr is losing it, his suggestion is ludicrous.
I suppose I’m naive not to already know the USA works with Europe, not just on trade issues, but on stablizing currencies and taxation schedules. Somebody has to manage it.
AI software only does so much on it’s own.
You're wise to use cash, but when it is outlawed (3 years, tops) what's your plan?
Pay cash for guns and ammo. Simple solution. The banks will not be involved.
Depends upon if you are wanting to get 7.62/5.56 NATO or something else.
The widespread use of credit cards, accounts with merchants and cellphones are a convenience to us. Meanwhile, our purchases and lives are being recorded.
These records are often useful to us. But Big Brother can get hold of them and that makes us no longer free.
I don’t see an easy solution.
Had a friend who was a millionaire several times over. He asked one of the banks that he did business with to give him a security box at no charge. They denied his request.
He withdrew One Million Dollars that same day.
“Customers Who Buy Too Many Guns Or Too Much Ammo”
I wonder what the banks would consider too many lawsuites against them for too much money?
I wonder what the banks will think of the ISO when it starts costing the banks hundreds of millions dollars?
.
What about Ukraine?
Gun shows are a great way to spend an afternoon. A lot of products, not just guns and ammo, are available for sale.
9mm and 45 ACP...shouldn’t be a problem, but I’m at 90 days one order and 70 days on another. (new brass vs. reused seems to be the issue)
I pay cash also. My local dealer gives me a 6% discount for cash and there is no transaction associated with the purchase other than the typical ATF form.
Banking laws? Since when do we follow laws? Look at our congress critters.
Sounds like Uncle Sam has turned into a Communist.
Some time back when Puff the Magic ****o was in in the WH I had an account at BOA along with others at other banks and I ran by to draw out some cash for a Gun Show and I drawed out 2,000 and the lady ask me what I was buying and told her explosives...her eyes got big as donuts...Then told her none of her business.
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