Note that many of the listed businesses have one thing in common: cash transactions. They are either cash oriented by the nature of the business or they have a customer base that prefers to deal with cash. DOJ is using intimidation and combersome reporting to force payment processors to play along. Clearly an anti-laundering effort it's all about intimidation and getting non-federal entities to do the jobs of federal employees. Your "leaders" want to track more than just your emails, phone calls and travel habits - they want ensure they get their share of your income.
<< <i>Note that many of the listed businesses have one thing in common: cash transactions. They are either cash oriented by the nature of the business or they have a customer base that prefers to deal with cash. DOJ is using intimidation and combersome reporting to force payment processors to play along. Clearly an anti-laundering effort it's all about intimidation and getting non-federal entities to do the jobs of federal employees. Your "leaders" want to track more than just your emails, phone calls and travel habits - they want ensure they get their share of your income. >>
Agree and welcome to Obama's America.
Worry is the interest you pay on a debt you may not owe.
<< <i>Note that many of the listed businesses have one thing in common: cash transactions. They are either cash oriented by the nature of the business or they have a customer base that prefers to deal with cash. DOJ is using intimidation and combersome reporting to force payment processors to play along. Clearly an anti-laundering effort it's all about intimidation and getting non-federal entities to do the jobs of federal employees. Your "leaders" want to track more than just your emails, phone calls and travel habits - they want ensure they get their share of your income. >>
Agree and welcome to Obama's America. >>
These puppets (in all flavors) don't own or run it, they were selected to be the public face of the true owners. The fact that any of us blames this one or that one only reinforces the public relations success of those that hide behind the curtain. We were "given" someone to blame. I say it's time for the cowards to show themselves.
Spoke with a representative of ICTA. This is nothing new, just part of the continuing enforcement carried out by the previous Administration and the current Administration.
Any business that handles large amounts of cash has to have an anti-money-laundering plan. If you do not, the government will lean on your banks until you have one.
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
<< <i>Spoke with a representative of ICTA. This is nothing new, just part of the continuing enforcement carried out by the previous Administration and the current Administration.
Any business that handles large amounts of cash has to have an anti-money-laundering plan. If you do not, the government will lean on your banks until you have one. >>
Hopefully the government can provide these companies with sample anti-money laundering plans that it considers acceptable. Of course these companies need their lawyers to review their plan to make sure the rights of their customers aren't being violated. I guess anyone using cash for a large purchase is now presumed guilty until proven innocent.
Worry is the interest you pay on a debt you may not owe.
ICTA is clueless. They prove their worthlessness yet again.
These are some of the targeted businesses, and it has nothing to do with money laundering. This is about govt deciding on the morality of legal businesses.
Ammunition Sales Cable Box De-scramblers Coin Dealers Credit Repair Services Dating Services Debt Consolidation Scams Drug Paraphernalia Escort Services Firearms Sales Fireworks Sales Get Rich Products Government Grants Home-Based Charities Life-Time Guarantees Life-Time Memberships Lottery Sales Mailing Lists/Personal Info Money Transfer Networks On-line Gambling PayDay Loans Pharmaceutical Sales Pornography Racist Materials Surveillance Equipment Telemarketing Tobacco Sales Travel Clubs
This isn't exactly new stuff. The Patriot Act came out with anti-money laundering requirements back in 2001. And they've been tweaked several times since. I believe it was in 2006 or so when they came out with PA2 which defined what types of purchases and sales qualified for PA2 reporting requirements. This was when bullion became defined as anything that gets 50% or more of its value from the intrinsic metal. Hence, most $20 gold coins (up to MS65 grade) now qualify for reporting/recording if you are acting as a bullion/coin dealer. As I recall failure to comply and not having a formal compliance plan is punishable by up to 5 yrs in prison and a $250K fine. The bullseye has been on the coin dealers for a long time. When PA2 first came out the ICTA worked with former IRS officials/compliance personnel to get the large coin/bullion dealers hooked up with suitable AML compliance plans.
They don't prosecute gun-running or tax evasion if you are "connected". That used to be a reference to organized crime, but now it simply means that you work for gov.com
Q: Are You Printing Money? Bernanke: Not Literally
<< <i>They don't prosecute gun-running or tax evasion if you are "connected". That used to be a reference to organized crime, but now it simply means that you work for gov.com >>
<< <i>They don't prosecute gun-running or tax evasion if you are "connected". That used to be a reference to organized crime, but now it simply means that you work for gov.com >>
...and the difference is...??? >>
Now? Absolutely none...shifted worse actually since Gotti got trialed a few times.
These are some of the targeted businesses, and it has nothing to do with money laundering. This is about govt deciding on the morality of legal businesses.
Ammunition Sales Cable Box De-scramblers Coin Dealers Credit Repair Services Dating Services Debt Consolidation Scams Drug Paraphernalia Escort Services Firearms Sales Fireworks Sales Get Rich Products Government Grants Home-Based Charities Life-Time Guarantees Life-Time Memberships Lottery Sales Mailing Lists/Personal Info Money Transfer Networks On-line Gambling PayDay Loans Pharmaceutical Sales Pornography Racist Materials Surveillance Equipment Telemarketing Tobacco Sales Travel Clubs >>
Interesting list. Strongly disagree that it has NOTHING to do with money laundering. There's at least one business on that list that's not immoral.
It's all about discouraging cash transactions so more taxes can be collected from those trying to hide income.
Oh, it's definitely about taxes. As they inflate nominal asset values, the tax liability for all assets increases. In other words, no matter what the tax rate is, a bigger and bigger chunk of every asset becomes taxable upon sale, because more "profit" shows up in the calculation - even tho the asset itself remains static.
All this comes after they take a chunk of your income on the front end. But, hey - I've always been told that it's the cost of living in such a great society. Not everyone who can and should pay pays, however. Let's be clear about that.
Q: Are You Printing Money? Bernanke: Not Literally
It's also to some extent intended for consumer protection. Here's the context of that list of types of business that have been known to RIP PEOPLE OFF
Types of High Risk Payments Although many clients of payment processors are reputable merchants, an increasing number are not and should be considered “high risk.” These disreputable merchants use payment processors to charge consumers for questionable or fraudulent goods and services. Often a disreputable merchant will engage in high pressure and deceptive sales tactics, such as aggressive telemarketing or enticing and misleading pop-up advertisements on Web sites. For example, consumers should be cautious when Web sites offer “free” information and ask consumers to provide payment information to cover a small shipping and handling fee. In some instances and without proper disclosure, consumers who agreed to pay these fees, often found their bank accounts debited for more than the fee and enrolled in costly plans without their full understanding and consent.8 Still other disreputable merchants will use processors to initiate payments for the sale of products and services, including, but not limited to, unlawful Internet gambling and the illegal sale of tobacco products on the Internet. Generally, high-risk transactions occur when the consumer does not have a familiarity with the merchant, or when the quality of the goods and services being sold is uncertain. Activities involving purchases made over the telephone or on the Internet tend to be riskier in that the consumer cannot fully examine or evaluate the product or service purchased. Similarly, the consumer may not be able to verify the identity or legitimacy of the person or organization making the sale.
Some merchant categories that have been associated with high-risk activity include, but are not limited to:
<< <i>In the final analysis, it is about CONTROL....of everything..... Cheers, RickO >>
Humans as a group have never proven to be able to control themselves. >>
Correct. Control is needed for those who don't follow the rules/law. Yeah, I know...."the rules are bad/wrong/unjust etc". If you feel that way move to a different country.
Successful trades/buys/sells with gdavis70, adriana, wondercoin, Weiss, nibanny, IrishMike, commoncents05, pf70collector, kyleknap, barefootjuan, coindeuce, WhiteTornado, Nefprollc, ajw, JamesM, PCcoins, slinc, coindudeonebay,beernuts, and many more
<< <i>In the final analysis, it is about CONTROL....of everything..... Cheers, RickO >>
Humans as a group have never proven to be able to control themselves. >>
They do it every day on our nation's highway system. They know the consequences of not controlling themselves. Self control is why most of society are no longer barbarians.
<< <i>In the final analysis, it is about CONTROL....of everything..... Cheers, RickO >>
Humans as a group have never proven to be able to control themselves. >>
They do it every day on our nation's highway system. They know the consequences of not controlling themselves. Self control is why most of society are no longer barbarians. >>
They are only controlled, (and I use that term loosely as I see an accident everyday), because there are laws and consequences. If humans were able to control themselves we would not need laws governing our actions.
<< <i>In the final analysis, it is about CONTROL....of everything..... Cheers, RickO >>
Humans as a group have never proven to be able to control themselves. >>
They do it every day on our nation's highway system. They know the consequences of not controlling themselves. Self control is why most of society are no longer barbarians. >>
They are only controlled, (and I use that term loosely as I see an accident everyday), because there are laws and consequences. If humans were able to control themselves we would not need laws governing our actions. >>
Basic law is "follow your conscience". My teachers taught me : " When a free man doesn't follow his conscience he becomes a slave to choices made that imprison him, and the law cannot protect the imprisoned, it merely prosecutes the guilty. So follow your conscience and remember that honesty is the best policy. "
Well, they're gone now. But, my parents taught me some interesting things that seem too good to not be true. 1) Follow your conscience 2) If you tell one lie, you will have to tell another to get out of the first one. 3) Everyone is your brother and sister.
<< <i>They are only controlled, (and I use that term loosely as I see an accident everyday), because there are laws and consequences. If humans were able to control themselves we would not need laws governing our actions. >>
Rather strong indictment to include all humans in the need to be controlled camp.
I have experienced many, many successful PM and coin trades on a handshake or less really, a phone call or email. After sharp market moves the other party could have easily backed out, but I recall none that did.
<< <i>If humans were able to control themselves we would not need laws governing our actions. >>
And who makes these laws, aliens? From tribal law to modern law, Law and accountability are proof that humans are able to control themselves. I can think of at least two major US cities that have shown us that without accountability laws are meaningless.
<< <i>Just think, if we could control ourselves then we wouldnt need lawyers. Whoohoo!! >>
We need lawyers to interpret for us the laws we paid them to write.
<< <i>" Representatives chosen by those being governed? "
Ain't no such animal. >>
Accountability is the missing animal. And that is the fault of those doing the choosing. This systemic failure is what guarantees the future of PMs. >>
Not quite...you (we) only get to vote for people that have been chosen for us. Do not think an average person can get to ride the political machine without being chewed-up.
Comments
Give Me Liberty or Give Me Debt
<< <i>Note that many of the listed businesses have one thing in common: cash transactions. They are either cash oriented by the nature of the business or they have a customer base that prefers to deal with cash. DOJ is using intimidation and combersome reporting to force payment processors to play along. Clearly an anti-laundering effort it's all about intimidation and getting non-federal entities to do the jobs of federal employees. Your "leaders" want to track more than just your emails, phone calls and travel habits - they want ensure they get their share of your income. >>
Agree and welcome to Obama's America.
Worry is the interest you pay on a debt you may not owe.
<< <i>
<< <i>Note that many of the listed businesses have one thing in common: cash transactions. They are either cash oriented by the nature of the business or they have a customer base that prefers to deal with cash. DOJ is using intimidation and combersome reporting to force payment processors to play along. Clearly an anti-laundering effort it's all about intimidation and getting non-federal entities to do the jobs of federal employees. Your "leaders" want to track more than just your emails, phone calls and travel habits - they want ensure they get their share of your income. >>
Agree and welcome to Obama's America.
These puppets (in all flavors) don't own or run it, they were selected to be the public face of the true owners. The fact that any of us blames this one or that one only reinforces the public relations success of those that hide behind the curtain. We were "given" someone to blame. I say it's time for the cowards to show themselves.
Give Me Liberty or Give Me Debt
Any business that handles large amounts of cash has to have an anti-money-laundering plan. If you do not, the government will lean on your banks until you have one.
<< <i>Spoke with a representative of ICTA. This is nothing new, just part of the continuing enforcement carried out by the previous Administration and the current Administration.
Any business that handles large amounts of cash has to have an anti-money-laundering plan. If you do not, the government will lean on your banks until you have one. >>
Hopefully the government can provide these companies with sample anti-money laundering plans that it considers acceptable. Of course these companies need their lawyers to review their plan to make sure the rights of their customers aren't being violated. I guess anyone using cash for a large purchase is now presumed guilty until proven innocent.
Worry is the interest you pay on a debt you may not owe.
These are some of the targeted businesses, and it has nothing to do with money laundering. This is about govt deciding on the morality of legal businesses.
Ammunition Sales
Cable Box De-scramblers
Coin Dealers
Credit Repair Services
Dating Services
Debt Consolidation Scams
Drug Paraphernalia
Escort Services
Firearms Sales
Fireworks Sales
Get Rich Products
Government Grants
Home-Based Charities
Life-Time Guarantees
Life-Time Memberships
Lottery Sales
Mailing Lists/Personal Info
Money Transfer Networks
On-line Gambling
PayDay Loans
Pharmaceutical Sales
Pornography
Racist Materials
Surveillance Equipment
Telemarketing
Tobacco Sales
Travel Clubs
I knew it would happen.
<< <i>They don't prosecute gun-running or tax evasion if you are "connected". That used to be a reference to organized crime, but now it simply means that you work for gov.com >>
...and the difference is...???
<< <i>
<< <i>They don't prosecute gun-running or tax evasion if you are "connected". That used to be a reference to organized crime, but now it simply means that you work for gov.com >>
...and the difference is...??? >>
Now? Absolutely none...shifted worse actually since Gotti got trialed a few times.
<< <i>
These are some of the targeted businesses, and it has nothing to do with money laundering. This is about govt deciding on the morality of legal businesses.
Ammunition Sales
Cable Box De-scramblers
Coin Dealers
Credit Repair Services
Dating Services
Debt Consolidation Scams
Drug Paraphernalia
Escort Services
Firearms Sales
Fireworks Sales
Get Rich Products
Government Grants
Home-Based Charities
Life-Time Guarantees
Life-Time Memberships
Lottery Sales
Mailing Lists/Personal Info
Money Transfer Networks
On-line Gambling
PayDay Loans
Pharmaceutical Sales
Pornography
Racist Materials
Surveillance Equipment
Telemarketing
Tobacco Sales
Travel Clubs >>
Interesting list. Strongly disagree that it has NOTHING to do with money laundering. There's at least one business on that list that's not immoral.
Liberty: Parent of Science & Industry
Give Me Liberty or Give Me Debt
<< <i>It's all about discouraging cash transactions so more taxes can be collected from those trying to hide income. >>
Avoiding extra layers of purchase and transaction tax isn't hiding income, it's saying enough is enough.
Illegal product sales is one thing...oh we haven't got a slice of that is another.
Oh, it's definitely about taxes. As they inflate nominal asset values, the tax liability for all assets increases. In other words, no matter what the tax rate is, a bigger and bigger chunk of every asset becomes taxable upon sale, because more "profit" shows up in the calculation - even tho the asset itself remains static.
All this comes after they take a chunk of your income on the front end. But, hey - I've always been told that it's the cost of living in such a great society. Not everyone who can and should pay pays, however. Let's be clear about that.
I knew it would happen.
Types of High Risk Payments
Although many clients of payment processors are reputable merchants, an increasing number are not and should be considered “high risk.” These disreputable merchants use payment processors to charge consumers for questionable or fraudulent goods and services. Often a disreputable merchant will engage in high pressure and deceptive sales tactics, such as aggressive telemarketing or enticing and misleading pop-up advertisements on Web sites. For example, consumers should be cautious when Web sites offer “free” information and ask consumers to provide payment information to cover a small shipping and handling fee. In some instances and without proper disclosure, consumers who agreed to pay these fees, often found their bank accounts debited for more than the fee and enrolled in costly plans without their full understanding and consent.8 Still other disreputable merchants will use processors to initiate payments for the sale of products and services, including, but not limited to, unlawful Internet gambling and the illegal sale of tobacco products on the Internet.
Generally, high-risk transactions occur when the consumer does not have a familiarity with the merchant, or when the quality of the goods and services being sold is uncertain. Activities involving purchases made over the telephone or on the Internet tend to be riskier in that the consumer cannot fully examine or evaluate the product or service purchased. Similarly, the consumer may not be able to verify the identity or legitimacy of the person or organization making the sale.
Some merchant categories that have been associated with high-risk activity include, but are not limited to:
•Ammunition Sales
•Cable Box De-scramblers
•Coin Dealers
•Credit Card Schemes
•Credit Repair Services
•Dating Services
•Debt Consolidation Scams
•Drug Paraphernalia
•Escort Services
•Firearms Sales
•Fireworks Sales
•Get Rich Products
•Government Grants
•Home-Based Charities
•Life-Time Guarantees
•Life-Time Memberships
•Lottery Sales
•Mailing Lists/Personal Info
•Money Transfer Networks
•On-line Gambling
•PayDay Loans
•Pharmaceutical Sales
•Ponzi Schemes
•Pornography
•Pyramid-Type Sales
•Racist Materials
•Surveillance Equipment
•Telemarketing
•Tobacco Sales
•Travel Clubs
Liberty: Parent of Science & Industry
<< <i>In the final analysis, it is about CONTROL....of everything..... Cheers, RickO >>
Humans as a group have never proven to be able to control themselves.
Knowledge is the enemy of fear
<< <i>
<< <i>In the final analysis, it is about CONTROL....of everything..... Cheers, RickO >>
Humans as a group have never proven to be able to control themselves. >>
Correct. Control is needed for those who don't follow the rules/law.
Yeah, I know...."the rules are bad/wrong/unjust etc".
If you feel that way move to a different country.
<< <i>
<< <i>In the final analysis, it is about CONTROL....of everything..... Cheers, RickO >>
Humans as a group have never proven to be able to control themselves. >>
They do it every day on our nation's highway system. They know the consequences of not controlling themselves. Self control is why most of society are no longer barbarians.
Give Me Liberty or Give Me Debt
<< <i>
<< <i>
<< <i>In the final analysis, it is about CONTROL....of everything..... Cheers, RickO >>
Humans as a group have never proven to be able to control themselves. >>
They do it every day on our nation's highway system. They know the consequences of not controlling themselves. Self control is why most of society are no longer barbarians. >>
They are only controlled, (and I use that term loosely as I see an accident everyday), because there are laws and consequences. If humans were able to control themselves we would not need laws governing our actions.
Knowledge is the enemy of fear
<< <i>
<< <i>
<< <i>
<< <i>In the final analysis, it is about CONTROL....of everything..... Cheers, RickO >>
Humans as a group have never proven to be able to control themselves. >>
They do it every day on our nation's highway system. They know the consequences of not controlling themselves. Self control is why most of society are no longer barbarians. >>
They are only controlled, (and I use that term loosely as I see an accident everyday), because there are laws and consequences. If humans were able to control themselves we would not need laws governing our actions. >>
Basic law is "follow your conscience".
My teachers taught me : " When a free man doesn't follow his conscience he becomes a slave to choices made that imprison him, and the law cannot protect the imprisoned, it merely prosecutes the guilty. So follow your conscience and remember that honesty is the best policy. "
Well, they're gone now. But, my parents taught me some interesting things that seem too good to not be true.
1) Follow your conscience
2) If you tell one lie, you will have to tell another to get out of the first one.
3) Everyone is your brother and sister.
Okay, back to reality,
er…. the world , at large.
<< <i>They are only controlled, (and I use that term loosely as I see an accident everyday), because there are laws and consequences. If humans were able to control themselves we would not need laws governing our actions. >>
Rather strong indictment to include all humans in the need to be controlled camp.
I have experienced many, many successful PM and coin trades on a handshake or less really, a phone call or email. After sharp market moves the other party could have easily backed out, but I recall none that did.
Just think, if we could control ourselves then we wouldnt need lawyers. Whoohoo!!
Knowledge is the enemy of fear
<< <i>I said humans "as a group".
Just think, if we could control ourselves then we wouldnt need lawyers. Whoohoo!! >>
<< <i>If humans were able to control themselves we would not need laws governing our actions. >>
And who makes these laws, aliens? From tribal law to modern law, Law and accountability are proof that humans are able to control themselves. I can think of at least two major US cities that have shown us that without accountability laws are meaningless.
<< <i>Just think, if we could control ourselves then we wouldnt need lawyers. Whoohoo!! >>
We need lawyers to interpret for us the laws we paid them to write.
Give Me Liberty or Give Me Debt
Knowledge is the enemy of fear
<< <i>So its OK for a small group of people to control the masses? >>
what small group do you refer to? Representatives chosen by those being governed?
Yes, its OK. If it weren't I'd choose to live elsewhere under a different system of controlling the masses.
Give Me Liberty or Give Me Debt
Ain't no such animal.
<< <i>" Representatives chosen by those being governed? "
Ain't no such animal. >>
Accountability is the missing animal. And that is the fault of those doing the choosing. This systemic failure is what guarantees the future of PMs.
Give Me Liberty or Give Me Debt
You may be right. I hope it's not the case. There are no guarantees, but you do what you think is prudent.
I knew it would happen.
<< <i>
<< <i>" Representatives chosen by those being governed? "
Ain't no such animal. >>
Accountability is the missing animal. And that is the fault of those doing the choosing. This systemic failure is what guarantees the future of PMs. >>
Not quite...you (we) only get to vote for people that have been chosen for us.
Do not think an average person can get to ride the political machine without being chewed-up.
Liberty: Parent of Science & Industry
<< <i>Pity the "average" fool. Aim higher >>
Amen brother.
Give Me Liberty or Give Me Debt