Posted on 12/11/2024 8:08:49 AM PST by MtnClimber
“…as a condition of participating in the modern economy, Americans are forced to disclose details of their private lives to a financial industry that has been too eager to pass this information along to federal law enforcement.”
A report from the House Judiciary Committee and Government Weaponization Subcommittee exposed the FBI for abusing the Bank Secrecy Act (BSA) to spy on Americans’ bank accounts without a warrant.
“Documents show that federal law enforcement increasingly works hand-in-glove with financial institutions, obtaining virtually unchecked access to private financial data and testing out new methods and new technology to continue the financial surveillance of American citizens,” according to the report FINANCIAL SURVEILLANCE IN THE UNITED STATES: HOW THE FEDERAL GOVERNMENT WEAPONIZED THE BANK SECRECY ACT TO SPY ON AMERICANS.
The BSA requires financial institutions to file Suspicious Activity Reports (SAR) if they witness any transactions that raise red flags, such as cash transactions exceeding $10,000.
However, the law prohibits federal law enforcement from asking about a bank’s customer information without a legal process.
“All Americans should be disturbed by how their financial data is collected, made accessible to, and searched by federal and state officials, including law enforcement and regulatory agencies,” the committees added. “With the rise in e-commerce and the widespread adoption of cash alternatives like credit cards or peer-to-peer payment services, the future leaves very little financial activity beyond the purview of modern financial institutions or the government’s prying eyes.”
Here’s a mic drop (emphasis mine): “This is because, as a condition of participating in the modern economy, Americans are forced to disclose details of their private lives to a financial industry that has been too eager to pass this information along to federal law enforcement.”
Yup. Our financial institutions had no problem cooperating with the FBI. It seems a few even helped formulate ideas to spy on us.
What our tax dollars pay for?
the banking sector is the fed’s secret police...
Not only that, but I think the IRS is using AI to analyze bank balances to externally calculate your refund/payment.
I got a bunch of notifications from the IRS this year basically implying that I didn’t file enough on my return because of one client that messed up their 1099s. It became clear as I went along that they’re watching bank balances and have an active window of what your valid tax payment should be.
What our tax dollars pay for?
~~~
They deliberately spy on law abiding citizens.
They deliberately conceal and protect the movement and activities of illegals.
That’s what we are paying tax dollars for.
BTTT
I bet the reverse is not followed i.e. the IRS suspecting you were over paying your estimated taxes.
Thank you President Bush for expanind those police State powers as part of the Global War on Terror...
And just as predicted, every Administration since then has expanded them further.
We said at the time that this would be exactly this issue. I hate being right.
It will only increase. No party is giving that up. Your medical records. Phone records. Vehicle whereabouts. Social media. What and where you shop. What you watch. What you eat. It’s too late to turn back. 9/11 was their excuse.
Some fundamental reforms are needed, such as banks being required to notify the account holder of a SAR report being filed.
Ironically, after I did a lot of invoice work and refiled, they notified me that they owe me a couple hundred but my refund is STILL delayed.
The BSA requires financial institutions to file Suspicious Activity Reports (SAR) if they witness any transactions that raise red flags, such as cash transactions exceeding $10,000.
________________________________________
I wonder what would happen if - just for giggles - someone withdrew $10,000 and then deposited it two days later. And repeated it over and over again just to mess with their minds.
Ehh. The bank would probably just close their account.
The answer to invasive privacy/financial violations on this scale is crypto currencies.
There may come a time when FedGov has complete regulatory control over Bitcoin, but they don’t yet.
Ohh. They have more control than I thought.
https://www.perplexity.ai/search/does-the-federal-government-ha-nVH1m2YsRl2m.WyRf5AOyA
And it’s no surprise they want more.
The smaller the bank, state chartered banks (and credit unions) in a remote jurisdiction/small town are the least surveilled and most likely to tell you someone is snooping.
You also get better customer service.
I’ve done this not for privacy reasons, but because I have business in small towns and like to keep things local.
This policy needs to change day one for all the alphabets. They don’t have to do this.
The DEA also engages in similar invasive procedures. Because of the “3rd party doctrine” they can get prescription information on patients w/o a warrant. The 3rd party doctrine has been upheld in court under the reasoning that if a person has given information voluntarily to a bank or insurance company for example, they no longer have an expectation of privacy. I know this is BS but our corrupt legal system has upheld this on precedent.
That being said, there’s no reason that President and/or AG can’t order a change in these surveillance protocols.
Ever since Debit Cards became “a thing,” I’ve paid for everything *that could be* in cash. ATMs are everywhere and they can’t track cash (which is why demoncrats and the Uniparty want shut of it).
"Judiciary Committee: FBI Using Banks to Surveil Bank Accounts Without Warrants [??? emphasis added]"
Why should the FBI concern itself with warrants for bank accounts?
After all, the repealable (hint) 16th Amendment (16A; direct taxes) unthinkingly weakened our 4th Amendment protections by giving the corrupt feds an excuse to stick their big noses into our bank accounts without warrants imo.
In other words, the Boston Tea Party-ignoring 16A has become the pot of gold at the end of the rainbow for organized crime imo.
"16th Amendment: The Congress shall have power to lay and collect taxes on incomes, from whatever source derived [emphasis added], without apportionment among the several States, and without regard to any census or enumeration."
"Congress is not empowered to tax for those purposes which are within the exclusive province of the States." —Justice John Marshall, Gibbons v. Ogden, 1824.
“If the tax be not proposed for the common defence, or general welfare, but for other objects, wholly extraneous, (as for instance, for propagating Mahometanism among the Turks, or giving aids and subsidies to a foreign nation, to build palaces for its kings, or erect monuments to its heroes,) it would be wholly indefensible upon constitutional principles [emphases added].” — Justice Joseph Story, Commentaries on the Constitution 2 (1833).
The congressional record shows that Rep. John Bingham, a constitutional lawmaker, had clarified the federal government's constitutionally limited powers as follows.
”Simply this, that the care of the property, the liberty, and the life of the citizen, under the solemn sanction of an oath imposed by your Constitution, is in the States and not in the federal government [emphases added]. I have sought to effect no change in that respect in the Constitution of the country.” —John Bingham, Congressional. Globe. 1866, page 1292 (see top half of third column)
“Cherish, therefore, the spirit of our people, and keep alive their attention. If once they become inattentive to the public affairs, you and I, and Congress and Assemblies, judges and governors, shall all become wolves [emphasis added]. It seems to be the law of our general nature.” - Thomas Jefferson (Letter to Edward Carrington January 16, 1787)
Pelosi: "We have to pass the bill so that you can find out what is in it." (non-FR; 6 sec.)
Illegals are indeed getting immediate Social Security, contrary to Democrat claims (7.11.24)
Democrats [and RINOs] Are Terrified Of An Educated And Informed Public (3.12.23)
In order for PDJT to make his administration's work to drain the swamp last for as long as possible, he ultimately needs to lead the states to repeal 16A.
The ill-conceived 17th Amendment (popular voting for federal senators), which likewise helped to effectively repeal the Constitution, can disappear too.
BTTT
For anyone wanting to contact Congress, ALL of this started when the head of intelligence oversight for DoD, Michael Decker, ruled that information wasn’t “COLLECTED” until an agent of the United States government, actually accessed the data in order to perform analysis.
Meanwhile, USI could continue to suck information into servers without a warrant.
That was in.........2011/12 if I recall correctly: so the DC staffers will have a starting point because all the General Counsels were involved in this decision.
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