[o_1_2_3__]

I thought every deposit over $5,000 was investigated by the feds immediately....am I wrong?

10K and above triggers an automatic, unconditional "activity report".

Anything deemed "suspicious", no matter what the amount, triggers same.

So, if the bank's in compliance - and why it wouldn't be is a topic all on its own - there are detailed records not only at the bank, but at one of the authoritative Fed agencies -- I don't know if it's FBI, OCC, or whom.

Incidentally, given these banking rules (which are designed to capture terrorist funding), one has to wonder what the "activity report" collection on the Clinton Global Initiative and all its related entities must look like and, more importantly, why it's never been investigated.

[CaptainK]

WebBank does peer to peer lending so if I’m reading this correctly there had to be a 3rd party involved with this loan.

http://www.bloomberg.com/news/articles/2015-04-16/webbank-where-peer-to-peer-loans-are-born

[TornadoAlley3]

To quote Trump. Stupid people running these agencies in the govt.

[Liz]

The IRS considers $10,000 banking transactions "structuring"......schemes to facilitate money laundering and tax evasion. Reportedly, US citizen Farook sneered at paying US taxes b/c he claimed it helped fuel the war on Islamics.

===============================================

NOTE WELL Under the Bank Secrecy Act, banks are required to establish, implement and maintain programs designed to detect and report suspicious activity indicative of money laundering and other financial crimes.

The Bank Secrecy Act was enacted to protect the public from harm by identifying and detecting money laundering from criminal enterprises, terrorism, tax evasion or other unlawful activities, according to the special agent in charge of the IRS Criminal Investigation Division.

Shady banking transactions could be prosecuted under the (1) Bank Secrecy ACT, (2) RICO, and, (3) the Hobbs Act (impairing a districts' economic viability).

[Liz]

...... wonder what the “activity report” collection on the Clinton Global Initiative (and related entities) must look like, and, more importantly, why it’s never been investigated....

Is this where mommy and daddy Clinton are hiding their ill-gotten gains:
http://www.sec.gov/cgi-bin/own-disp?action=getowner&CIK=0001530920
LINK Clinton Chelsea (0001530920)
State location:
Mailing Address
C/O IAC 555 W 18TH STREET
NEW YORK NY 10011

Ownership Reports for Issuers: (Click on issuer name to see other owners for the issuer, or CIK for issuer filings.)

Issuer Filings Transaction Date Type of Owner
INTERACTIVECORP
Current Name:IAC/INTERACTIVECORP 0000891103 2012-12-31 director

http://www.sec.gov/cgi-bin/own-disp

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[WildHighlander57]

Good points.

Lucyt, nachum

Ping to “follow the money”

http://www.freerepublic.com/focus/news/3369521/posts?page=17#17