Nobody can take money outright of your account. Not even the IRS. Your assets can at most be frozen but that requires a court order. And the burden of proof to have someone's assets frozen is very high for good reason.
Indian police arrest alleged kingpin of U.S. tax scam
- Thread starter dealmaker
- Start date
I calculated this already yesterday and came to the same conclusion.
Newspapers need spectacular headings, good for selling lots of papers. Sensation always sells, truth or not is irrelevant.
Probably it was 300 million indian rupee (5 million dollar) instead of dollars as the report was published in an Indian newspaper. Would be $333 a person.
and your cash can be confiscated on "suspicion" of wrong doing
banks truly run this country
And the burden of proof to have someone's assets frozen is very high for good reason.
Ha! Ha!
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Bullshit. They can refuse you as customer if you fail their KYC interview. But they can't confiscate your cash. They can temporary hold it for very short time but if a court does not freeze the assets then you can do what pleases you with your cash.
Seems you just want to disagree with me on everything just because I stepped on your toe once. Present your facts with backup then we can debate. Otherwise you have nothing but thin air.
Did you read your own article? Just because one does not know the law does not absolve someone from violating it.
https://www.occ.treas.gov/topics/compliance-bsa/bsa/index-bsa.html
Here are the facts. If someone multiple times transfers sums smaller than 10k but close to 10k in and out of large deposit accounts then that is HIGHLY SUSPICIOUS and banks are required to report it. Simple as that. Know your laws brothers. They are there for good reason.
https://www.occ.treas.gov/topics/compliance-bsa/bsa/index-bsa.html
Here are the facts. If someone multiple times transfers sums smaller than 10k but close to 10k in and out of large deposit accounts then that is HIGHLY SUSPICIOUS and banks are required to report it. Simple as that. Know your laws brothers. They are there for good reason.
ROFLMAO...THAT IS FUNNY. I have gotton a few letters over the years but I always responded to their communications and sooner or later paid up. No jail.And what happened next? Did you pay or did they put you in jail?