Money Laundering Scam

You can refuse them now that H.J.R. 192 has been repealed and when you do the Bank is put into a very difficult spot. 1 Lawfully, a Bank must pay in lawful money dollars and it is very likely that the Bank simply does not have any, or maybe 2 not enough to transact your check. That tells you that the Bank is insolvent, A.K.A. bankrupt. 3 There is today a parity relationship between FRn’s and the lawful money silver dollars which is about 10 to 1 and moving 4 upward to 12 to 1. Under the 10:1 parity a single or 1 “dollar” Federal Reserve note is actually worth only ten cents in silver 5 coin lawful money. Go to a coin store and buy one silver dollar coin using FRn’s. You’ll learn about parity values. 6

2.5

You can’t “launder” money if there IS no “money”

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Based on the preceding discussion, it ought to be obvious to the reader that if there is no “money” as legally defined, then 8 there can be no such thing as “money laundering”. To even call it that is FRAUD. 9

3

Money Laundering Background

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Money laundering is the process of changing large amounts of money that have been gained through illegitimate means. 11 Money evidently gained through crime is "dirty" money, and money that has been "laundered" to appear as if it came from a 12 legitimate source is "clean" money. Money can be laundered by many methods, which vary in complexity and sophistication. 13 Different countries may or may not treat tax evasion or payments in breach of international sanctions as money laundering. 14 Some jurisdictions differentiate these for definition purposes, and others do not. Some jurisdictions define money laundering 15 as obfuscating sources of money, either intentionally or by merely using financial systems or services that do not identify or 16 track sources or destinations. 17 Other jurisdictions define money laundering to include money from activity that would have been a crime in that jurisdiction, 18 even if it was legal where the actual conduct occurred. For example, under British law, spending proceeds from a bull fight 19 in Spain constitutes money laundering because the bull fight would have been illegal if it had been conducted in the United 20 Kingdom. 9 This broad brush of applying money laundering to incidental, extraterritorial or simply privacy-seeking behaviors 21 has led some to label it financial thoughtcrime. 10 22 Many regulatory and governmental authorities issue estimates each year for the amount of money laundered, either worldwide 23 or within their national economy. In 1996, the International Monetary Fund (I.M.F.) estimated that two to five percent of the 24 worldwide global economy involved laundered money. The Financial Action Task Force on Money Laundering (F.A.T.F.), 25 an intergovernmental body set up to combat money laundering, stated, "Overall, it is absolutely impossible to produce a 26 reliable estimate of the amount of money laundered and therefore the F.A.T.F. does not publish any figures in this regard." 11 27 Academic commentators have likewise been unable to estimate the volume of money with any degree of assurance. 12 Various 28 estimates of the scale of global money laundering are sometimes repeated often enough to make some people regard them as 29 factual — but no researcher has overcome the inherent difficulty of measuring an actively concealed practice. 30 Regardless of the difficulty in measurement, the amount of money laundered each year is in the billions (US dollars) and 31 poses a significant policy concern for governments. 13 As a result, governments and international bodies have undertaken 32 efforts to deter, prevent, and apprehend money launderers. Financial institutions have likewise undertaken efforts to prevent 33 and detect transactions involving dirty money, both as a result of government requirements and to avoid the reputational risk 34 involved. Issues relating to money laundering have existed as long as there have been large scale criminal enterprises. Modern 35 anti – money laundering laws have developed along with the so-called modern War on Drugs. 14 In more recent times anti – 36 money laundering legislation is seen as adjunct to the financial crime of terrorist financing in that both crimes usually involve 37

9 Proceeds of Crime Act 2002, section 340(2)(b) – definition of "criminal conduct".

10 Money Laundering Is Financial Thoughtcrime.

11 Financial Action Task Force. "Money Laundering FAQ". Retrieved 2 March 2011.

12 Reuter, Peter (2004). Chasing Dirty Money . Peterson. ISBN 978-0-88132-370-2.

13 Reuter, Peter (2004). Chasing Dirty Money . Peterson. ISBN 978-0-88132-370-2.

14 For example, under UK law the first offences created for money laundering both related to the proceeds from the sale of illegal narcotics under the Criminal Justice Act 1988 and then later under the Drug Trafficking Act 1994.

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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