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 ...
Too damn late, Bubba.
All but a few weapons cost less that $5k.
BOA pulled crap like this back in 2018.
Where are you getting your 3 year timeline jim...???
haven't demoncraps been commies for decades?
I closed that account for some reason, as it has been a while but sure had to do with politics.
“Suspicious Activity Report”
As long as they ignore the thousands by the Biden clan and any other ‘important’ connected politician.
Pro-2nd Amendment (2A) patriots, and I'm one of y'all, please consider that the states originally didn't obligate themselves to respect any of the "privileges and immunities" expressly protected by Bill of Rights (BoR), including 2A, until the 14th Amendment was ratified.
In other words, none of our BoR protections were intended to be absolute.
On the other hand, the states certainly recognized that you didn't want to be outside your home without personal firearms protection.
That being said, noting that the drafters of the Bill of Rights might have intended for a “well-regulated militia” to employ a "preventative safeguard' comparable to the one mentioned below, please consider the following.
Protecting identity and address of suspected account owners, banks need to consider forming volunteer, pro-2nd Amendment “juries” to look at income range, police and arms category purchase records to learn to flag suspicious account owners that may pose a threat to peace and tranquility imo.
Finally, note that 14A limits Congress's power to make peacetime gun-related laws (OH-NOES!; wait for it) to penal laws that discourage state actors from violating constitutionally enumerated protections, including 2A.
In fact, the congressional record shows that when Rep. John Bingham, the main author of Section 1 of 14A, read the Bill of Rights as main examples of constitutionally enumerated protections and immunities that 14A applies to the states, he included 2A.
"Section 1. All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and of the State wherein they reside. No State shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States [emphasis added]; nor shall any State deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws."
"Section 5: The Congress shall have power to enforce, by appropriate legislation, the provisions of this article."
“See 2nd Amendment (Article II) about middle of 2nd column.” — John Bingham, Appendix to the Congressional Globe
The problem with our 14A protections at this time is that we have a very corrupt Congress that lets renegade, BoR-ignoring states kick us around.
Just imagine gun and ammo purchases after the CBDC.
To have enough ammo?
Use a money order.
That is one way to gut the 2nd Amendment.
Indeed
What in one state to be overloaded on ammo, would be a light load in Texas.
Folks who “don’t have enough” now are too late.
Big brother has been tracking this for years BTW.
I’ve posted before, and got yelled at. But here goes again. If you want the gun, if you want the ammo, go to your bank and get a cash advance on your credit card. Then go the gun store and pay cash for the gun or ammo. People don’t like this idea because it causes a slight increase because of bank fees. IDC.
The solution to that is easy. Revoke the charter of any bank which does that in every red state.
You can act that way as a bank. You’ll just have to give up all business in half the country.
Your choice.
I think anything over 2 at a time triggers a “multiple purchase report” with the ATF. If you had waited 30 days(which you should not have to) you might have gotten the 3rd tool without review. You may indeed get a letter, a call, or a knock.
Maybe but I live in maybe the 2nd most gun friendly State of Arkansas beside Texas in the Union. Plus my new Sheriff ran on being a Gun friendly County and we have in some respects better open carry laws here than Texas does.
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