Armed Polite Society
Main Forums => Politics => Topic started by: AZRedhawk44 on March 13, 2013, 02:30:50 PM
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http://www.chicagotribune.com/business/breaking/chi-us-to-let-spy-agencies-scour-americans-finances-20130313,0,2719682.story
Hell, Bitcoin and PM's, too.
Even with bitcoin's recent fiasco on a branch in the blockchain.
The limit on reporting has been $10,000 and not been raised ever since the 70's or 80's and you could buy a new car for 1/2 or 1/3 of that. Now, you can buy 1/2 or 1/3 of a new car for that same $10,000. ;/
I suspect this will be used to monitor some of those "domestic terrorists" that just want to quietly expatriate without getting financially raped when doing so.
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bold mine whats really changed? been able to snoop a while
Financial institutions that operate in the United States are required by law to file reports of "suspicious customer activity," such as large money transfers or unusually structured bank accounts, to Treasury's Financial Crimes Enforcement Network (FinCEN).
The Federal Bureau of Investigation already has full access to the database. However, intelligence agencies, such as the Central Intelligence Agency and the National Security Agency, currently have to make case-by-case requests for information to FinCEN.