New Justice Dept. policy allows authorities to seize suspicious bank accounts

The Washington Times ^ | March 31, 2015 | Maggie Ybarra

[jazusamo]

U.S. Attorney General Eric Holder has crafted a new policy that would allow government officials to seize bank accounts involved in financial structuring schemes prior to filing criminal charges against the individuals who own those accounts.

The new policy stems from the Justice Department’s ongoing review of its asset forfeiture program. The policy is aimed at preventing criminals from making a series of currency transactions under a certain monetary threshold in order to evade reporting the transaction to the authorities, according to a department statement.

Those types of transactions typically lead to “the most serious illegal banking transactions” and occur “in connection with other criminal activity,” the statement read.

[jazusamo]

With a Justice Department headed by liberal leftists like Eric Holder or Loretta Lynch what could possibly go wrong? /s

[molson209]

Obama and his admin are not leaving

[E. Pluribus Unum]

The policy is aimed at preventing... ...non-Democrats from having bank accounts with anything in them.

[jazusamo]

Exactly...Of course they have to return the confiscated bank accounts if the don’t file charges within 150 days, this is a blank check for the commie Rats.

[Diogenesis]

NO matter how corrupt they have been,
the Obama Administration CONTINUES
to erode every right once protected
by the (RIP) US Constitution.

[conservativejoy]

I thought they were already doing this. I heard a man on a talk show who owned a gun store and had his account seized , over $100,000.

[Jim Robinson]

Obama/Holder don’t need no steenking Constitution!

[SkyDancer]

0bama will sign an EO making him president until the crisis they created is over ....

[hoosiermama]

Shame it’s not used on Hill/Billy

[2ndDivisionVet]

“And how we burned in the camps later, thinking: What would things have been like if every Security operative, when he went out at night to make an arrest, had been uncertain whether he would return alive and had to say good-bye to his family? Or if, during periods of mass arrests, as for example in Leningrad, when they arrested a quarter of the entire city, people had not simply sat there in their lairs, paling with terror at every bang of the downstairs door and at every step on the staircase, but had understood they had nothing left to lose and had boldly set up in the downstairs hall an ambush of half a dozen people with axes, hammers, pokers, or whatever else was at hand?... The Organs would very quickly have suffered a shortage of officers and transport and, notwithstanding all of Stalin's thirst, the cursed machine would have ground to a halt! If...if...We didn't love freedom enough. And even more – we had no awareness of the real situation.... We purely and simply deserved everything that happened afterward.”

― Aleksandr Solzhenitsyn

[jazusamo]

You’re referring to the DOJ Operation Choke Point that was started in 2013, this is supposed to be a new program.

[GraceG]

Take a Mayo Jar and wash it out, then take some white latex house paint or killz and put in about 1/8-1/4 cup of it the jar and shake the jar, wait 5 mins, remove the lid and rinse the paint off the lid, then use butte knife scrape some paint off around the neck of the jar, leave jar open to dry for a day or two. Then sore cash in it in the refrigerator.

You can also bury these in the back yard.

[Ken H]

I thought they were already doing this.

The Bank Secrecy Act of 1970 (or BSA, or otherwise known as the Currency and Foreign Transactions Reporting Act) requires financial institutions in the United States to assist U.S. government agencies to detect and prevent money laundering.

Specifically, the act requires financial institutions to keep records of cash purchases of negotiable instruments, and file reports of cash purchases of these negotiable instruments of more than $10,000 (daily aggregate amount), and to report suspicious activity that might signify money laundering, tax evasion, or other criminal activities.

http://en.wikipedia.org/wiki/Bank_Secrecy_Act

[GraceG]

"a new policy that would allow government officials to seize bank accounts involved in financial structuring schemes prior to filing criminal charges against the individuals who own those accounts. "

What happens if no charges are filed, or the person is found innocent....

Oh well, too bad the government has no obligation to return the property or compensate the accused for their inconvenience...

Welcome to your police state.

[jazusamo]

Absolutely! We here in the west have to use this though. ;-)

[phormer phrog phlyer]

Absolutely no chance of any abuse of this program. These people are pure as the wind driven snow.

[Amendment10]

Not only has the Supreme Court historically clarified that the states have never delegated to the feds, expressly via the Constitution, the specific power to regulate intrastate commerce, but the Court has also clarified the following limit concerning Congress’s constitutional Commerce Clause (1.8.3) powers.

Since banking is based on contracts (corrections welcome), not commerce, Congress’s Commerce Clause powers do not extend to regulating contracts, even if such contracts are negotiated across state borders.

• ”State inspection laws, health laws, and laws for regulating the internal commerce of a State, and those which respect turnpike roads, ferries, &c. are not within the power granted to Congress [emphases added].” — Gibbons v. Ogden, 1824.

• “4. The issuing of a policy of insurance is not a transaction of commerce [emphasis added] within the meaning of the latter of the two clauses, even though the parties be domiciled in different States, but is a simple contract of indemnity against loss.” — Paul v. Virginia, 1869.

So if the corrupt Justice Department wants to seize suspicious bank accounts, and it may have reasonable cause to do so in certain cases, then it needs to comply with the 4th Amendment.

[Rodamala]

I will withdraw and deposit "suspiciously" every day until they unconstitutionally seize those assets. Afterwards, a grand jury of citizens can indict Holder by name for violating my civil rights.

I will not accept anything less than life imprisionment performing hard labor.

How much is Trey Gowdy's hourly rate? Let's do this.

[NormsRevenge]

The Nazis effectively seized control of industries.
Nothing new here.

[A Formerly Proud Canadian]

Amendment? Schmendment! We don’t need your stinking amendment!