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BARR: Banks Might Start Closing Accounts Of Customers Who Buy Too Many Guns Or Too Much Ammo
Daily Caller ^ | 12/20/2022 | Fmr. Rep. Bob Barr

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 ...


TOPICS: Business/Economy; Conspiracy
KEYWORDS: account; banglist; banking; banks; bobbarr; civilliberties; civilrights; closure; commerce; databases; gun; privacy; spying; surveillance
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To: Jan_Sobieski

Too damn late, Bubba.


61 posted on 12/23/2022 10:53:16 AM PST by moovova ("The NEXT election is the most important election of our lifetimes!“ LOL...)
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To: PAR35

All but a few weapons cost less that $5k.


62 posted on 12/23/2022 10:56:31 AM PST by ConservativeInPA (Stupidly is a moral problem, not an intellectual problem. )
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To: dpetty121263

BOA pulled crap like this back in 2018.


63 posted on 12/23/2022 11:03:51 AM PST by MikeSteelBe (The South will be in the right in the next war of Northern aggression.)
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To: Jim Noble

Where are you getting your 3 year timeline jim...???


64 posted on 12/23/2022 11:04:25 AM PST by oldguy1776
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To: CMailBag
"Sounds like Uncle Sam has turned into a Communist."

haven't demoncraps been commies for decades?

65 posted on 12/23/2022 11:05:55 AM PST by MikeSteelBe (The South will be in the right in the next war of Northern aggression.)
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To: MikeSteelBe

I closed that account for some reason, as it has been a while but sure had to do with politics.


66 posted on 12/23/2022 11:07:29 AM PST by dpetty121263
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To: Jan_Sobieski

“Suspicious Activity Report”

As long as they ignore the thousands by the Biden clan and any other ‘important’ connected politician.


67 posted on 12/23/2022 11:19:42 AM PST by Organic Panic (Democrats. Memories as short as Joe Biden's eyes)
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To: butlerweave; All
"BARR: Banks Might Start Closing Accounts Of Customers Who Buy Too Many Guns Or Too Much Ammo"

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.

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.

68 posted on 12/23/2022 11:20:17 AM PST by Amendment10
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To: Jan_Sobieski

Just imagine gun and ammo purchases after the CBDC.


69 posted on 12/23/2022 11:23:48 AM PST by D Rider ( )
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To: Jim Noble

To have enough ammo?


70 posted on 12/23/2022 12:20:07 PM PST by metmom (...fixing our eyes on Jesus, the Author and Perfecter of our faith…)
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To: Jan_Sobieski

Use a money order.


71 posted on 12/23/2022 12:40:41 PM PST by leaning conservative (snow coming, school cancelled, yayyyyyyyyy!!!!!!)
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To: Jan_Sobieski

That is one way to gut the 2nd Amendment.


72 posted on 12/23/2022 1:15:39 PM PST by 353FMG (Secretly practicing my Putin swagger..)
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To: CMailBag

Indeed


73 posted on 12/23/2022 1:57:05 PM PST by Vaduz (LAWYERS )
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To: fwdude

What in one state to be overloaded on ammo, would be a light load in Texas.


74 posted on 12/23/2022 6:28:47 PM PST by mfish13 (Elections have Consequences.)
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To: metmom

Folks who “don’t have enough” now are too late.

Big brother has been tracking this for years BTW.


75 posted on 12/23/2022 6:58:17 PM PST by Roman_War_Criminal (Jesus + Something = Nothing ; Jesus + Nothing = Everything )
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To: Jan_Sobieski

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.


76 posted on 12/24/2022 12:00:40 AM PST by Enterprise
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To: Jan_Sobieski

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.


77 posted on 12/24/2022 6:06:00 AM PST by FLT-bird
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To: dpetty121263

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.


78 posted on 12/26/2022 2:48:22 AM PST by MachIV
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To: MachIV

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.


79 posted on 12/26/2022 4:55:16 AM PST by dpetty121263
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