1. The Creation of a FAKE-Identity
It may be necessary to become invisible in the event you think you believe that your name could be on a (Red) list because roundups will usually occur in dire situations. Therefore, the creation of a pseudo-identity could become very important.
2. It Takes Money to Prepare
If you have read the articles at the above links, you should have concluded that it is the height of stupidity to leave your life savings in an institution that is planning to steal from you. You need to divert your cash, other than the ability to pay basic bills, in preparation for what is coming.
Getting your money out of the bank has become an art form and you need to be careful. There is a barrier to your ability to procure some of these life-saving and life-extending supplies. Right now, you do not have full access to your money.
As you move to withdraw the bulk of your money, there are three federal banking laws that you should be cognizant of, namely, Cash Transaction Report (CTR), a Suspicious Activity Report (SAR) and structuring.
Cash Transaction Reports
Federal law requires that the bank file a report based upon any withdrawal or deposit of $10,000 or more on any single given day.The law was designed to put a damper on money laundering, sophisticated counterfeiting and other federal crimes.
To remain in compliance with the law, financial institutions must obtain personal identification, information about the transaction and the social security number of the person conducting the transaction.
Before proceeding with the planned withdrawal of your money, I would strongly suggest that you read the following federal guidelines as it relates to CTR’s as produced by the The Financial Crimes Enforcement Network (FinCEN). All the federal regulations contained in this article are elucidated in this series of federal reports.
Structuring and SAR
There will undoubtedly be some geniuses whose math ability will tell them that all they have to do is to withdraw $9,999.99 and the bank and its protector, the federal government will be none the wiser. It is not quite that simple. The bank is required to file a Suspicious Activity Report (SAR) which serves to notify the federal government of an individual’s attempt to structure deposits or withdrawals by circumventing the $10,000 reporting requirement.
Structuring transactions to prevent a CTR from being reported can result in imprisonment for not more than five years and/or a fine of up to $250,000. If structuring involves more than $100,000 in a twelve month period or is performed while violating another law of the federal government, the penalty is doubled.
Enforcement
Much like the enforcement of our tax laws, the federal government’s enforcement of its banking laws as it relates to CTR’s, SAR’s and subsequent structuring is quite draconian. Civilian asset forfeiture laws come into play. The government can seize your bank accounts while it determines if a crime has been committed. The government can literally seize your assets in perpetuity without an order of the court. Of course, you could try and sue but you will be up against the deep pockets of the federal government and the case could take years. By the time your case is decided, the financial banking crisis that you are so desperately trying to avoid by withdrawing your money, could be over. So, proceed with caution.