*It’s even got to the point where (IIRC, I may have the numbers slightly wrong) many banks will not allow you to make electronic transfers of more than $9999.99 at a time from your banking app, but if you want to buy something that costs, say, $45,000 and so do transfers of $9999 plus one of $5004, that’s seen as “structuring” and is therefore potentially a crime - at the very least something that warrants a SAR.*
Currency transaction reports and structuring only apply to cash transactions. To the best of my knowledge, multiple electronic transfers (especially ones necessitated by the app itself) should not.
No problem. They only care about cash transactions because once the cash is out of the bank, it can't be tracked. As we're seeing with the current Muskageddon, if the transactions are in a computer, they can always be tracked by someone sufficiently motivated.
2020 arsons had enough killings that there is an interesting question of whether the national Democratic Party is a criminal conspiracy, with many judges as coconspirators.
"Few people know or care that Washington used to subsidize Putin’s “United Russia” party [the Russian counterpart to the Uniparties in the US and UK] to the tune of hundreds of millions of dollars. But Victoria Nuland spilled the beans on this 10 years ago. Here:
United Russia received grants from the US Agency for International Development USAID, State Department spokesman Victoria Nuland said. According to her, the party participated in “some” programs of the International Republican Institute (IRI) and the National Democratic Institute for International Affairs (NDI).
It should be noted that on September 18, official Moscow announced the termination of USAID in Russia, later the Russian Foreign Ministry noted that "the nature of the organization’s work did not always meet the stated goals." In particular, it was an attempt to influence political processes in the country through the distribution of grants.
Victoria Nuland did not name the specific unicross programs that were supported by funding from the United States, but noted that it was about training for young leaders, supporting civil society and healthcare.
“We regret this decision,” US Ambassador to the Russian Federation Michael McFaul commented on this decision on Twitter. Recall, on the eve, extend the working life of USAID in Russia until May 2013. asked US Secretary of State Hillary Clinton in a letter to Russian Foreign Minister Sergei Lavrov.
In Russia, USAID has funded programs for the development of civil society, democracy and human rights for over 20 years. It should be noted that the Golos association, which carries out independent election monitoring, also received grants. The latter, commenting on the decision of the Russian authorities, said that it would probably be forced to close its projects.
Kommersant, however, said that the withdrawal of USAID from Russia does not mean the complete deprivation of American support for local NGOs. At least three organizations closely associated with the US government continue to work here - the National Endowment for Democracy (NED), the National Democratic Institute (NDA) and the International Republican Institute (IRI)." Ibid.
Note that the National Democratic Institute (NDI) and the International Republican Institute (IRI) are the shadow state organizations behind the US DNC and RNC (perhaps until Trump...), respectively.
Putin is actively working to implement the WEF/UN/WHO program inside Russia, including universal biometric IDs, internal passports, "vaccinations", CBDCs, and so on... just like the globalists/oligarchs here and everywhere else. Interesting how "solutions" to "problems" are common, coordinated, and cross national borders...
More information on a link between “structuring” and Civil Asset Forfeiture (CAF) that will, if one ponders the implications it will one insight into how the US State views a great many things.
Structuring is illegal in the States, but what is it?
Anytime anyone deposited, withdraws or transfers $10,000 0r more, the financial institution that performs the task must report it to the US Government. This alone can cause them to just happen to stop you with a lot of cash on your person to be seized under CAF, you will at least be investigated, with or without your knowledge that you are or have been. Bank tellers know this but are prohibited by law to warn their customers that their transaction will trigger an investigation.
But wait! As with everything with the US government, there’s more, and it is never good. The pea brains that are the government cannot understand any other possible reason to make multiple withdrawals or deposits of slightly less than $10,000 other than to bypass this reporting requirement. They refuse to accept that many insurance policies will not cover cash lost either by accident or theft if the amount exceeds $10,000 or at least not the amount exceeding this. Therefore, managers routinely make multiple trips to the bank to make multiple deposits just shy of $10,000 in case they are held up on the way. Dut tadada! CAF Man is on scene to save the day! No, silly, not for you or I or our hapless store owner here, but for the government, or local police. Notified of these multiple deposits, most just south of the reporting threshold, they seize all within the bank account under CAF.
True, one thus victimized by law enforcement can sue to get their money back, but how does one do that when the police have all your cash? Even those few who have secured another pils of dough and have won their money back, had to pay for their lawyers, which are not cheap. So we have a system where you can do absolutely nothing wrong and yet be out loads of money thanks to structuring and CAF.
But what about the $10,000 thread hold? I do not know when CAF was spawned nor this dollar amount, but using FBAR as a guide, probably long ago. FBAR passed in 1970 and was implemented in 1971. The threshold then was $10,000 and remains so today despite $10,000 in 1970 having the spending power of 6 times that in 2018 or thersabout. However, while the reporting threshold has not increased with inflation, the fines have. Welcome to the Land of the Free, Home of the Brave.
Private and public organized crime are direct competitors. Still, wherever there is construction, private organized crime is involved.
*It’s even got to the point where (IIRC, I may have the numbers slightly wrong) many banks will not allow you to make electronic transfers of more than $9999.99 at a time from your banking app, but if you want to buy something that costs, say, $45,000 and so do transfers of $9999 plus one of $5004, that’s seen as “structuring” and is therefore potentially a crime - at the very least something that warrants a SAR.*
Currency transaction reports and structuring only apply to cash transactions. To the best of my knowledge, multiple electronic transfers (especially ones necessitated by the app itself) should not.
I am happy to be corrected on this detail
No problem. They only care about cash transactions because once the cash is out of the bank, it can't be tracked. As we're seeing with the current Muskageddon, if the transactions are in a computer, they can always be tracked by someone sufficiently motivated.
All electronic transaction by US persons abroad are reported via FATCA. For all others, the OECD’s Common Reporting Standards do this job.
2020 arsons had enough killings that there is an interesting question of whether the national Democratic Party is a criminal conspiracy, with many judges as coconspirators.
"Few people know or care that Washington used to subsidize Putin’s “United Russia” party [the Russian counterpart to the Uniparties in the US and UK] to the tune of hundreds of millions of dollars. But Victoria Nuland spilled the beans on this 10 years ago. Here:
United Russia received grants from the US Agency for International Development USAID, State Department spokesman Victoria Nuland said. According to her, the party participated in “some” programs of the International Republican Institute (IRI) and the National Democratic Institute for International Affairs (NDI).
It should be noted that on September 18, official Moscow announced the termination of USAID in Russia, later the Russian Foreign Ministry noted that "the nature of the organization’s work did not always meet the stated goals." In particular, it was an attempt to influence political processes in the country through the distribution of grants.
Victoria Nuland did not name the specific unicross programs that were supported by funding from the United States, but noted that it was about training for young leaders, supporting civil society and healthcare.
“We regret this decision,” US Ambassador to the Russian Federation Michael McFaul commented on this decision on Twitter. Recall, on the eve, extend the working life of USAID in Russia until May 2013. asked US Secretary of State Hillary Clinton in a letter to Russian Foreign Minister Sergei Lavrov.
In Russia, USAID has funded programs for the development of civil society, democracy and human rights for over 20 years. It should be noted that the Golos association, which carries out independent election monitoring, also received grants. The latter, commenting on the decision of the Russian authorities, said that it would probably be forced to close its projects.
Kommersant, however, said that the withdrawal of USAID from Russia does not mean the complete deprivation of American support for local NGOs. At least three organizations closely associated with the US government continue to work here - the National Endowment for Democracy (NED), the National Democratic Institute (NDA) and the International Republican Institute (IRI)." Ibid.
Note that the National Democratic Institute (NDI) and the International Republican Institute (IRI) are the shadow state organizations behind the US DNC and RNC (perhaps until Trump...), respectively.
Putin is actively working to implement the WEF/UN/WHO program inside Russia, including universal biometric IDs, internal passports, "vaccinations", CBDCs, and so on... just like the globalists/oligarchs here and everywhere else. Interesting how "solutions" to "problems" are common, coordinated, and cross national borders...
It strikes me as amazing how to what extent US conservatives have been fooled by Putin and the likes of Tucker Carlson, et al., - "deceiving the very elect"... https://streamfortyseven.substack.com/p/if-this-ukraine-peace-plan-is-for
More information on a link between “structuring” and Civil Asset Forfeiture (CAF) that will, if one ponders the implications it will one insight into how the US State views a great many things.
Structuring is illegal in the States, but what is it?
Anytime anyone deposited, withdraws or transfers $10,000 0r more, the financial institution that performs the task must report it to the US Government. This alone can cause them to just happen to stop you with a lot of cash on your person to be seized under CAF, you will at least be investigated, with or without your knowledge that you are or have been. Bank tellers know this but are prohibited by law to warn their customers that their transaction will trigger an investigation.
But wait! As with everything with the US government, there’s more, and it is never good. The pea brains that are the government cannot understand any other possible reason to make multiple withdrawals or deposits of slightly less than $10,000 other than to bypass this reporting requirement. They refuse to accept that many insurance policies will not cover cash lost either by accident or theft if the amount exceeds $10,000 or at least not the amount exceeding this. Therefore, managers routinely make multiple trips to the bank to make multiple deposits just shy of $10,000 in case they are held up on the way. Dut tadada! CAF Man is on scene to save the day! No, silly, not for you or I or our hapless store owner here, but for the government, or local police. Notified of these multiple deposits, most just south of the reporting threshold, they seize all within the bank account under CAF.
True, one thus victimized by law enforcement can sue to get their money back, but how does one do that when the police have all your cash? Even those few who have secured another pils of dough and have won their money back, had to pay for their lawyers, which are not cheap. So we have a system where you can do absolutely nothing wrong and yet be out loads of money thanks to structuring and CAF.
But what about the $10,000 thread hold? I do not know when CAF was spawned nor this dollar amount, but using FBAR as a guide, probably long ago. FBAR passed in 1970 and was implemented in 1971. The threshold then was $10,000 and remains so today despite $10,000 in 1970 having the spending power of 6 times that in 2018 or thersabout. However, while the reporting threshold has not increased with inflation, the fines have. Welcome to the Land of the Free, Home of the Brave.