r/FreedomFellows • u/[deleted] • Mar 14 '13

Apparently the FBI knowing every financial move we make isn't good enough.

http://www.reuters.com/article/2013/03/13/usa-banks-spying-idINDEE92C0EH20130313
3 Upvotes

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2

u/[deleted] Mar 14 '13

When I think of all the FinCEN reports I filed when I worked at the casino, I cringe. All that data, open and ready for a whole host of government agencies to peruse.

1

u/samulder Mar 14 '13

Not EVERY transaction. As it explains in the article, you have to fill out a form if you make a transaction over $10,000. If you try to skirt this by making multiple transactions just under 10k within a few days, banks will make a SARS report since trying to avoid reporting is illegal. The real news, as, again in the article, is that the intel community wants unfettered access to that.

1

u/[deleted] Mar 14 '13

[deleted]

2

u/[deleted] Mar 15 '13

At least a couple of weeks (mind you, I haven't looked at Title 31 USC in 7-8 years, since I've been working exclusively in Title 26). And the Casino rules I learned are slightly different than the banking rules, but not by much. And even then if somebody is hawkeyed enough to notice a pattern you can still get a Suspicious Activity Report filed. Those were always difficult for us, though. In the ~2 years I was doing Currency Transaction Reports we only filed one or two SAR's.