Money Laundering Scam

9.3 How financial institutions protect their illegal and unconstitutional implementation of 1 money laundering statutes 2

Financial institutions are often aware that they are engaging in criminal activity by doing any of the following: 3

1. Filing CTRs and SARs against those not subject to such reporting because the subject of the report is not lawfully 4 engaged in a public office. 5 2. Mandating the obtaining or furnishing of government identifying numbers by those who are not subject to federal law. 6 They know that they are engaging criminal activity by doing the above. To defend themselves against being prosecuted for 7 the crimes resulting from the above abuses, these criminal institutions willfully engage in the following defensive tactics, 8 which we call “risk management” : 9 1. They will tell you that “federal law requires you to provide a Social Security Number” even though there is NO SUCH 10 LAW. 11 2. When you ask then to produce the statute AND implementing regulation documenting the requirement, the front line 12 clerk can’t and won’t produce it, which indirectly means they are LYING to you about the requirement. 13 3. If you go up the food chain and contact the supervisor above the clerk and ask them to provide the statute and 14 regulation MANDATING the disclosure of an SSN or TIN to open an account, they may ultimately admit that the 15 requirement is a POLICY requirement of the company and NOT a requirement of any law itself. Only the honest ones 16 will do this. The dishonest ones will continue denial. 17 4. After they evade the disclosure, you can then: 18 4.1. Ask to for the phone number, mailing address, and email address of the corporate counsel who CAN provide the 19 statute and regulation mandating the use of the Social Security Number. . . .OR 20 4.2. Ask them to put the person on the phone and record the conversation. 21 5. The clerk almost always will respond to such requests by saying that: 22 5.1. They know the contact information of the attorney but are not allowed to give it to you. 23 5.2. They can call the corporate counsel but can’t put them on the phone with you. 24 6. Ultimately, the only thing the clerk will provide is not even a mailing address, but a generic email address without even 25 a name of the corporate counsel. This corporate counsel then: 26 6.1. Will most of the time ignore the request, because it’s too risky to even admit that the company is committing a 27 crime to either file the false reports or force the use of SSNs/TINs. 28 6.2. If they respond, they will respond anonymously with no specific information and no return contact information, 29 so that they can protect their anonymity and accountability for making false statements on the subject. 30 7. Out of frustration from executing the above “administrative run- around” or what we call “legal peek-a- boo”, the only 31 option left is usually to send an email to a generic address that ultimately will never be answered because the answer 32 would: 33 7.1. Expose criminal activity on the part of the corporate counsel and the company. 34 7.2. Cause the corporate counsel to have to surrender his/her “plausible deniability”. 35 7.3. Make every action of the company in violation of the laws you informed them about into an act of WILLFUL 36 FRAUD. 37

The above is why we say there is more crime committed at financial institutions than any of the customers could every 38 possibly engage in. Remember the following about such DESPICABLE and CRIMINAL tactices by financial institutions: 39

“Silence can only be equated with fraud where there is a legal or moral duty to speak or where an inquiry left

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unanswered would be intentionally misleading.” [U.S. v. Prudden, 424 F.2d. 1021 (5 th Cir. 1970)]

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"Silence can be equated with fraud where there is a legal or moral duty to speak, or where an inquiry left unanswered would be intentionally misleading. . . We cannot condone this shocking behavior by the IRS. Our revenue system is based on the good faith of the taxpayer and the taxpayers should be able to expect the same

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from the government in its enforcement and collection activities."

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[U.S. v. Tweel, 550 F.2d. 297, 299 (5 th Cir. 1977)]

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The “moral duty to speak” indicated above is established by the following facts: 49

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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