By Jay Syrmopoulos Washington, D.C. – In a clear escalation in the ongoing war on U.S. citizens, the Justice Department has recommended that bank employees snitch on customers attempting to withdraw more than $5,000.
Federal regulations already require banks to submit a “Suspicious Activity Report” (SAR) when, “Transactions conducted or attempted by, at, or through the bank (or an affiliate) and aggregating $5,000 or more…” according to the handbook for the Federal Financial Institution Examination Council.
The banks are required to fill a certain number of SAR reports every month. This forces them to file SARs for perfectly legal actions (such as withdrawing cash).
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