Monday, March 17, 2025
Taking $200 Out of an ATM Should Not Trigger Federal Financial Surveillance
One of President Donald Trump's Day 1 executive orders designated "certain international cartels" as "foreign terrorist organizations," a classification that according to the State Department "play[s] a critical role in our fight against terrorism and [is] an effective means of curtailing support for terrorist activities and pressuring groups to get out of the terrorism business."
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That $10k number was created a long time ago, adjusted for inflation, its over $260k today, so no cash transaction under a quarter million dollars should trigger anything.
ReplyDeleteBad now, wait till digital currency is the only game in town. The European Central Bank assholes just announced full steam ahead on it.
ReplyDeleteWe won't have it until the Fed has reached the end of their rural broadband project. Not sure when the end is scheduled to occur, but it is a real project of theirs.
Delete@Mofo Have they even started on that rural broadband yet? I read an article near the end of the 2024 campaign that indicated they'd spent a bunch of $ with nothing to show for it, just like EV charging stations.
DeleteNot to mention that Starlink will/is eating their lunch as far as availability goes. One of my sons uses it. He's a network engineer for a mostly rural state government. He says the service is very good, even when it's snowing. He's plays internet based games on it in team mode and says the lag time is as good or better than cable.
Nemo
According to the article, it's not $200+ ATM withdrawals that trigger the surveillance, but money transfers like Western Union, MoneyGram, etc. I'm not a fan of government surveillance of any sort, but the post title seems to present an inaccurate picture of the situation reported..
ReplyDeletethey are technically also subject to the CTR threshold—meaning a $200 cash withdrawal in one of seven counties could soon make one subject to a federal financial report.
DeleteTotal Bullshit. Trump is no different than the rest. Freedom for American citizens is just a nice thought.
ReplyDeleteThe argument for keeping your money outside their system gets easier by the day.
ReplyDeleteNor should taking your money out of your bank account.
ReplyDeleteThe CTA / FinCen is why I terminated my business. I literally learned about it from a conspiracy -- AHEM -- factual news website because of how poorly it was announced.
ReplyDelete- Arc
$200 today, $300 tomorrow, $200 again the next day... that's not a money laundering pattern, that's a drug habit pattern. I know because when The Tenant From Hell abandoned her filthy digs, she left behind bank statements with that kind of history.
ReplyDeleteWhen I have certain subs, I used to go to the ATM. Quit that. Wrote checks and went inside.
ReplyDeleteLegalize drugs or legalize freedom - how about neither
ReplyDelete