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CLIT
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why are banks secretive?
#23712018 - 10/06/16 01:57 AM (7 years, 3 months ago) |
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Doesn't banks technically cater to crooks, historically? From drug lords to mafias. If you walk in to a bank with a briefcase of $1 million dollars in cash, would the bank call the cops on you? I'm not sure. They usually show this in movies that some guy walks in with a briefcase loaded with money and no authorities are ever called in for "suspicious" amount of money. Do banks have a rule that no employee should ever be suspicious of any amount in cash deposited by any persons even if they looked shady (i.e. confidentiality laws). Isn't this also the reason why some known bank robbers that are still on the run aren't traced because banks aren't allowed to give details on a person's bank info. other than to the person who owns the account? Let's say D.B. Cooper walks in to a few banks with $200,000 and deposits it to a bank in increments of $50,000 in cash; couldn't he have been traced already by now if authorities were allowed to get info. on banks and customers regarding who had been depositing huge amounts of cash or would that be illegal and a violation of civil rights?
While D.B. Cooper may be sensationalized because he parachuted from a plane; a guy who the FBI is still looking for since the early 80's stole $7 million dollars from a security. I think the story goes like this; he was also a security person so it was an inside job. He tied up 2 other security persons so he can steal the millions. I doubt he's still walking around with $7 million in cash. Couldn't he be traced by how much he is depositing or are banks too secretive and only care about money? Finders Keepers, right?
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lokendoch
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Re: why are banks secretive? [Re: CLIT]
#23712027 - 10/06/16 02:16 AM (7 years, 3 months ago) |
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Any deposit over 9999.99 is flagged and investigated. Also a series of deposits that seem to circumvent the 10k limit will also be flagged and investigated. Maybe same with withdrawls but not sure.
-------------------- I am you and what i see is me, do I take you by the hand and lead you across this land and help me understand the best I can?
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CLIT
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Re: why are banks secretive? [Re: lokendoch]
#23712056 - 10/06/16 03:09 AM (7 years, 3 months ago) |
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wow? so those days of walking in a bank with briefcases loads of cash are over? Is it also true for wire transfers? From what I've heard there was a story on bitcoins that millions of it were stolen. Not sure how it can't be tracked as I haven't followed the story. I'm not sure if it's even a true story maybe it was publicity for bitcoins?
If what you're saying is true, does that also apply to wire transfers? Let's say a ransom is wanted by a group that wants to remain anonymous; how do you wire them the funds? Do they provide you with their real name (although they want to remain anonymous) and of course the routing and account numbers are needed to make the transfer. They could easily change their name on the bank file to match the fake name you'd be sending money to, right? Then again I'd assume the suspects could be tracked just by routing and account numbers alone, if the bank complies with the investigation. I still think banks are so secretive that one can't even figure how much a certain individual has. If I call any bank asking for how much Brad Pitt has in the bank, would they even tell me? NO!!! If Brad Pitt wires me $1 million dollars, would that get flagged and investigated?
Also, I think banks have a limit of 6 transfers/transactions per month as far as duration goes but you may be right regarding amount. I thought it was $5K max.
Edited by CLIT (10/06/16 03:41 AM)
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Brian Jones
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Re: why are banks secretive? [Re: CLIT]
#23712493 - 10/06/16 09:00 AM (7 years, 3 months ago) |
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You might be basing this on movies that are too old. D.B. Cooper probably didn't survive the fall. You can't call up the bank and find out how much Brad Pitt has, but the I.R.S., FBI etc. can with a court order. If Brad Pitt wires you a million it's on the record if it's domestic, but if it's overseas it gets more complicated. Unfortunately, most of my knowledge of wire transfers comes from John Grisham novels and he and I would agree he's not a completely authoritative source. In his books they wire the money overseas and then move it repeatedly to complicate the money trail.
There is bank secrecy in Switzerland and several South of the border countries; the Cayman Islands I think and some South American countries that don't like us. (Panama used to be that way till the fall of Noriega). Generally they will not give information to U.S, authorities, but first you have to get the money there without the U.S. tracing it.
-------------------- "The Rolling Stones will break up over Brian Jones' dead body" John Lennon I don't want no commies in my car. No Christians either. The worst thing about corruption is that it works so well,
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CLIT
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Re: why are banks secretive? [Re: Brian Jones]
#23715211 - 10/07/16 06:03 AM (7 years, 3 months ago) |
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what if Brad already has his money overseas?
I'm not sure if Josh Grisham novels are based on facts but some of these books are written by a ghostwriter with a famous author's name slapped on to the book. James Patterson had books with his name on it without him penning it. It's a bunch of ghostwriters that can write in his style. This happens in pop music too, which is why there's so many soundalikes.
Quote:
Brian Jones said: You might be basing this on movies that are too old. D.B. Cooper probably didn't survive the fall. You can't call up the bank and find out how much Brad Pitt has, but the I.R.S., FBI etc. can with a court order. If Brad Pitt wires you a million it's on the record if it's domestic, but if it's overseas it gets more complicated. Unfortunately, most of my knowledge of wire transfers comes from John Grisham novels and he and I would agree he's not a completely authoritative source. In his books they wire the money overseas and then move it repeatedly to complicate the money trail.
There is bank secrecy in Switzerland and several South of the border countries; the Cayman Islands I think and some South American countries that don't like us. (Panama used to be that way till the fall of Noriega). Generally they will not give information to U.S, authorities, but first you have to get the money there without the U.S. tracing it.
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Brian Jones
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Re: why are banks secretive? [Re: CLIT]
#23811632 - 11/08/16 03:22 AM (7 years, 2 months ago) |
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Quote:
CLIT said: what if Brad already has his money overseas?
I'm not sure if Josh Grisham novels are based on facts but some of these books are written by a ghostwriter with a famous author's name slapped on to the book. James Patterson had books with his name on it without him penning it. It's a bunch of ghostwriters that can write in his style. This happens in pop music too, which is why there's so many soundalikes.
Quote:
Brian Jones said: You might be basing this on movies that are too old. D.B. Cooper probably didn't survive the fall. You can't call up the bank and find out how much Brad Pitt has, but the I.R.S., FBI etc. can with a court order. If Brad Pitt wires you a million it's on the record if it's domestic, but if it's overseas it gets more complicated. Unfortunately, most of my knowledge of wire transfers comes from John Grisham novels and he and I would agree he's not a completely authoritative source. In his books they wire the money overseas and then move it repeatedly to complicate the money trail.
There is bank secrecy in Switzerland and several South of the border countries; the Cayman Islands I think and some South American countries that don't like us. (Panama used to be that way till the fall of Noriega). Generally they will not give information to U.S, authorities, but first you have to get the money there without the U.S. tracing it.
Sorry to take so long to respond. This has nothing to do with bank transfers. None of John Grisham's use ghost writers. He has written about 8 books under a different names (they might be books aimed at teenagers, I'm not sure, Ive never seen them). But I will bet money that John Grisham has never used a ghost writer. John Patterson extensively uses ghost writers.
-------------------- "The Rolling Stones will break up over Brian Jones' dead body" John Lennon I don't want no commies in my car. No Christians either. The worst thing about corruption is that it works so well,
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CLIT
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Re: why are banks secretive? [Re: Brian Jones]
#23815029 - 11/09/16 03:16 AM (7 years, 2 months ago) |
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you positive?
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