US banks are now required to tell the cops of any “suspicious activity”—like withdrawing $5,000

Federal regulations in the Land of the Free REQUIRE banks to file ‘suspicious activity reports’ or SARs on their customers. And it’s not optional.
Banks have minimum quotas of SARs they need to fill out and submit to the federal government.
If they don’t file enough SARs, they can be fined. They can lose their banking charter. And yes, bank executives and directors can even be imprisoned for noncompliance.
This is the nature of the financial system in the Land of the Free.
And chances are, your banker has filled one out on you—they submitted 1.6 MILLION SARs in 2013 alone.
But now the Justice Department is saying that SARs aren’t enough.

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