Money Laundering Scam

TABLE OF CONTENTS

TABLE OF CONTENTS .......................................................................................................................2 TABLE OF FIGURES ...........................................................................................................................3 LIST OF TABLES ..................................................................................................................................3 TABLE OF AUTHORITIES .................................................................................................................3 1 Purpose ........................................................................................................................................... 16 2 Money Background ....................................................................................................................... 17 2.1 Authorities on “deceit in commerce” and “just weights and measures” ............................................................. 17 2.2 What is “Money”? .............................................................................................................................................. 19 2.3 Money as debt..................................................................................................................................................... 19 2.4 Why We Don’t Have Lawful “Money” .............................................................................................................. 24 2.5 You can’t “launder” money if there IS no “money” ........................................................................................... 27 3 Money Laundering Background..................................................................................................27 3.1 Money Laundering Methods............................................................................................................................... 28 3.2 Money Laundering Enforcement ........................................................................................................................ 29 3.2.1 Criminalizing money laundering ..................................................................................................... 29 3.2.2 The role of financial institutions ...................................................................................................... 29 3.2.3 Value of enforcement costs and associated privacy concerns .........................................................29 3.2.4 Organizations working against money laundering...........................................................................30 4 Bank Secrecy Act Requirements..................................................................................................32 4.1 Types of reports .................................................................................................................................................. 32 4.2 Affected transactions .......................................................................................................................................... 33 4.2.1 Currency Transaction Report (C.T.R.) ............................................................................................ 33 4.2.2 Monetary Instrument Log (M.I.L.) .................................................................................................. 36 4.2.3 Suspicious Activity Report (S.A.R.)................................................................................................ 36 4.3 Sanctions............................................................................................................................................................. 36 4.4 How the BSA affects Americans ........................................................................................................................ 36 4.5 Individual filing requirement .............................................................................................................................. 36 4.6 Additional information ....................................................................................................................................... 37 4.7 Notable cases ...................................................................................................................................................... 37 5 Patriot Act Requirements .............................................................................................................37 5.1 Details ................................................................................................................................................................. 37 5.2 Background......................................................................................................................................................... 38 5.3 Titles ................................................................................................................................................................... 39 5.4 Title III: Anti-money-laundering to prevent terrorism ....................................................................................... 39 6 Federal Transaction Reporting SCAM .......................................................................................42 7 Authorities on Compelled or Mandatory Use of SSNs/TINs ....................................................46 7.1 Compelled use forbidden by Privacy Act ........................................................................................................... 46 7.2 Burden of Proof on Those Compelling Use........................................................................................................ 46 7.3 Penalties for compelled use ................................................................................................................................ 47 7.4 When is it mandatory under the I.R.C. to provide government issued numbers? ...............................................47 8 Criminal consequences of Money Laundering ...........................................................................55 8.1 Structuring, 31 U.S.C. §5324.............................................................................................................................. 55 8.2 Laundering of Monetary Instruments, 18 U.S.C. §1956.....................................................................................57 9 How financial institutions misrepresent and illegally administer money laundering statutes ......................................................................................................................................................... 57 9.1 Saying that federal law require an SSN or TIN in order to open an account or COMPELLING the use or disclosure of SSNs or TINs ................................................................................................................................ 57 9.2 FALSE CTRs and SARs..................................................................................................................................... 57

The Money Laundering Enforcement Scam

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Copyright Sovereignty Education and Defense Ministry, http://sedm.org Form 05.044, Rev. 10-2-2013

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