Senate Bill: Travelers Must Register Cash and Digital Amounts Over $10K or Face 10 Years in Prison and Full Asset Seizure
TOPICS:Air TravelCashless AgendaClaire Bernishcryptocurrency
June 17, 2017
By Claire Bernish
A new bill seeks to track your money and assets incessantly, will enjoin any business with government ties to act as a de facto arm of DHS, and would steal all of your assets — including Bitcoin and other cryptocurrencies — should you fail to report funds when traveling with over $10,000.
Under the guise of combating money laundering, Senate Bill 1241, “Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017,” ramps up regulation of digital currency and imposes other autocratic financial controls in an attempt to ensure none of your assets can escape one of the State’s most nefarious, despised powers: civil asset forfeiture.
All of this under the farcically broad umbrella of fighting terrorism.
Civil forfeiture grants the government robbery writ large: your cash, property, and assets can be stolen completely sans due process, your guilt — frequently pertaining to drug ‘crimes’ — matters not.
A court verdict of not guilty doesn’t even guarantee the return of State-thefted property.
In fact, the government can seize virtually whatever it wants if it so much as suspects some of your assets might have been acquired through or used in the commission of even lesser crimes.
For some time, a war on cash has been brewing behind the closed doors of government, and — although officials prefer to claim counterfeiting, terrorism, and money laundering as the impetus for asset tracking — in actuality, physical currency facilitates black market and untaxed transactions, and, most imperatively to the U.S., cannot be thefted under civil asset forfeiture laws as easily as money exchanged digitally.
Characterized as an effort to “to improve the prohibitions on money laundering, and for other purposes,” the bill severely curtails the right to travel freely, without undue hindrance, as travelers with more than $10,000 in assets — including those held digitally, like Bitcoin — must file a report with the U.S. government.
Noncompliance with the tyrannical law — including failing to fill out the aforementioned form — would incur penalties befitting a fascist dictatorship: an individual could find the entirety of their assets seized, not just those unreported, and could be locked in a prison cage for up to ten years.
To be clear, the State wants to write a permission slip to seize all of your assets — bank accounts, including, specifically, “safety deposit boxes,” prepaid cards, gift cards, prepaid phones, prepaid coupons, cryptocurrencies, all of it — even for being remiss in reporting what you’re traveling with.
Considering one’s digital assets veritably follow wherever that travel takes them, a cryptocurrency portfolio would theoretically have to be reported each time that person travels outside the confines of the U.S.
Of course, the legislation in actuality just amends laws pertaining to assets and travel already considered dictatorial — right now, failure to fill out the form carries not just the penalty of seizure, but a sentence of up to five years behind bars.
“And if that weren’t enough, this bill also gives them with new authority to engage in surveillance and wiretapping (including phone, email, etc.) if they have even a hint of suspicion that you might be transporting excess ‘monetary instruments,’” Simon Black of SovereignMan.com reports.
“Usually wiretapping authority is reserved for major crimes like kidnapping, human trafficking, felony fraud, etc.
“Now we can add cash to that list.”
But it wouldn’t just be the government hawkishly surveilling your every transaction, as, essentially, all retailers would be roped into becoming State spies — any business selling gift or prepaid cards would be required to report those, too.
Worse — and in defiance of current structures pertaining to digital currency — the government wishes to somehow require issuers of cryptocurrencies into its abhorrent, ostensible money-laundering police spy ring.
According to the legislation, reports Smaulgold.com, the Secretary of Homeland Security and the Commissioner of U.S. Customs and Border Protection must, within 18 months of the legislation’s passage, devise a “border protection strategy to interdict and detect prepaid access devices, digital currencies, or other similar instruments, at border crossings and other ports of entry for the United States, including an assessment of infrastructure needed [emphasis added] to carry out the strategy […]
“The obligation to declare amounts in any form over $10,000 exists, irrespective of whether custom officials have a way of detecting such holdings. Since digital currencies technically travel with the holder [wherever] the holder goes, one would have to declare one’s entire crypto portfolio each time the holder entered the U.S.”
Travelers possessing assets, precious metals, and accounts in excess of $10,000 held outside the United States, however, would not be required to declare those to the government — perhaps leaving an albeit sketchy option for those wary of unscrupulous authorities.
While the government insists ‘If you’ve got nothing to hide, you’ve got nothing to fear,’ the Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017 proves you might not be able to hide anything from its greedy clutches — and if you try, you could wind up thrown in a cage for a decade, penniless upon release.
Welcome to America, where your assets are literally the government’s business, and freedom is anything but free.
http://www.activistpost.com/2017/06/senate-bill-force-travelers-register-cash-cash-cryptocurrency-assets.html
TOPICS:Air TravelCashless AgendaClaire Bernishcryptocurrency
June 17, 2017

A new bill seeks to track your money and assets incessantly, will enjoin any business with government ties to act as a de facto arm of DHS, and would steal all of your assets — including Bitcoin and other cryptocurrencies — should you fail to report funds when traveling with over $10,000.
Under the guise of combating money laundering, Senate Bill 1241, “Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017,” ramps up regulation of digital currency and imposes other autocratic financial controls in an attempt to ensure none of your assets can escape one of the State’s most nefarious, despised powers: civil asset forfeiture.
All of this under the farcically broad umbrella of fighting terrorism.
Civil forfeiture grants the government robbery writ large: your cash, property, and assets can be stolen completely sans due process, your guilt — frequently pertaining to drug ‘crimes’ — matters not.
A court verdict of not guilty doesn’t even guarantee the return of State-thefted property.
In fact, the government can seize virtually whatever it wants if it so much as suspects some of your assets might have been acquired through or used in the commission of even lesser crimes.
For some time, a war on cash has been brewing behind the closed doors of government, and — although officials prefer to claim counterfeiting, terrorism, and money laundering as the impetus for asset tracking — in actuality, physical currency facilitates black market and untaxed transactions, and, most imperatively to the U.S., cannot be thefted under civil asset forfeiture laws as easily as money exchanged digitally.
Characterized as an effort to “to improve the prohibitions on money laundering, and for other purposes,” the bill severely curtails the right to travel freely, without undue hindrance, as travelers with more than $10,000 in assets — including those held digitally, like Bitcoin — must file a report with the U.S. government.
Noncompliance with the tyrannical law — including failing to fill out the aforementioned form — would incur penalties befitting a fascist dictatorship: an individual could find the entirety of their assets seized, not just those unreported, and could be locked in a prison cage for up to ten years.
To be clear, the State wants to write a permission slip to seize all of your assets — bank accounts, including, specifically, “safety deposit boxes,” prepaid cards, gift cards, prepaid phones, prepaid coupons, cryptocurrencies, all of it — even for being remiss in reporting what you’re traveling with.
Considering one’s digital assets veritably follow wherever that travel takes them, a cryptocurrency portfolio would theoretically have to be reported each time that person travels outside the confines of the U.S.
Of course, the legislation in actuality just amends laws pertaining to assets and travel already considered dictatorial — right now, failure to fill out the form carries not just the penalty of seizure, but a sentence of up to five years behind bars.
“And if that weren’t enough, this bill also gives them with new authority to engage in surveillance and wiretapping (including phone, email, etc.) if they have even a hint of suspicion that you might be transporting excess ‘monetary instruments,’” Simon Black of SovereignMan.com reports.
“Usually wiretapping authority is reserved for major crimes like kidnapping, human trafficking, felony fraud, etc.
“Now we can add cash to that list.”
But it wouldn’t just be the government hawkishly surveilling your every transaction, as, essentially, all retailers would be roped into becoming State spies — any business selling gift or prepaid cards would be required to report those, too.
Worse — and in defiance of current structures pertaining to digital currency — the government wishes to somehow require issuers of cryptocurrencies into its abhorrent, ostensible money-laundering police spy ring.
According to the legislation, reports Smaulgold.com, the Secretary of Homeland Security and the Commissioner of U.S. Customs and Border Protection must, within 18 months of the legislation’s passage, devise a “border protection strategy to interdict and detect prepaid access devices, digital currencies, or other similar instruments, at border crossings and other ports of entry for the United States, including an assessment of infrastructure needed [emphasis added] to carry out the strategy […]
“The obligation to declare amounts in any form over $10,000 exists, irrespective of whether custom officials have a way of detecting such holdings. Since digital currencies technically travel with the holder [wherever] the holder goes, one would have to declare one’s entire crypto portfolio each time the holder entered the U.S.”
Travelers possessing assets, precious metals, and accounts in excess of $10,000 held outside the United States, however, would not be required to declare those to the government — perhaps leaving an albeit sketchy option for those wary of unscrupulous authorities.
While the government insists ‘If you’ve got nothing to hide, you’ve got nothing to fear,’ the Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017 proves you might not be able to hide anything from its greedy clutches — and if you try, you could wind up thrown in a cage for a decade, penniless upon release.
Welcome to America, where your assets are literally the government’s business, and freedom is anything but free.
http://www.activistpost.com/2017/06/senate-bill-force-travelers-register-cash-cash-cryptocurrency-assets.html
» We have reached a dead end..A representative of the "coordinating framework" talks about new options
» Iraq balks at greater Chinese control of its oilfields
» The Iraqi government thwarts plans to sell oil stakes to China and dominate it
» Reuters: Iraq is concerned about the Chinese encroachment in its oil fields
» Kurdistan Regional Government extends 15 percent exemption from loans until next month
» Parliamentary Finance proposes the “Emergency Support for Food Security and Development” law as an a
» The President of the Republic discusses ways to strengthen relations with Switzerland
» Al-Kazemi identifies the reason for the high real estate prices in areas in Baghdad
» The Strategic Planning and Parliamentary Federal Service Committee selects the age president and his
» Al-Maliki's Coalition Invites The Political Blocs Regarding The Initiative Of The Independents
» Iraq's delegate to the United Nations submits an official complaint against Turkey, calling on all T
» America confirms its continued support for Iraq to achieve security and stability
» Political anticipation for the announcement of the names of independent candidates for prime ministe
» Photos.. Sadr's supporters gather in two areas of Baghdad
» The Sinjar file is on the Security Council table.. "Spoilers with a lack of international observers
» Turkish Ambassador: We do not cut off the waters of the tributaries and rivers of Iraq, nor do we ch
» A parliamentary bloc presents 6 corruption files on the administration of Kirkuk to the Federal Inte
» Al-Kazemi: The concept of the Green Zone and the "metro" must change as one of the important project
» Al-Rafidain clears its responsibility.. Fake sites for granting advances steal citizens' data
» Iraq is fourth in the Middle East by the value of contracts signed within a month
» Payment must be made within a month.. Iraq owes one billion and 600 million dollars for Iranian gas
» The Agricultural Bank decides to postpone the payment of installments and loans
» The accounts of the Iraqi state..a new rise in the contribution of oil and an opportunity to get out
» Gold prices are back down in the Iraqi markets
» The Iraqi currency auction is approaching $200 million today
» Basra crude records a rise of more than 5 dollars
» Baghdad tops the world's capitals... with the largest global pollution
» Al-Kazemi from the Baghdad Municipality.. We all have to work for a clean Baghdad
» Iraq's permanent representative to the United Nations... warns of Iran and Turkey's interference in
» Al-Kazemi opens fire after “silence”: We faced a disaster that the policies of those who accuse us o
» The President of the Supreme Judicial Council receives the Minister of Security and Justice in the N
» Parliament names temporary presidencies for its committees until the formation of the government
» The failure to pass the budget poses severe damage to the economy and the provision of services
» The Iraqi crisis is expanding: the armed factions exchange threats
» Cancellation of the “Food Security” project causes a loss of a third of electric power and 8 food ra
» Resolution 121 prevents parliament from questioning ministers
» Recruit Zebari on charges of insulting the judiciary
» Allocating large areas to rotate tires and turn them into useful products
» The Parliamentary Health and Environment Committee selects a chairperson and two deputies
» The framework reveals its options in forming the largest bloc
» The Parliamentary Committee on Agriculture, Water and Marshes chooses Thaer Al-Jubouri as head of th
» A legal expert resolves the controversy over the legality of passing the “new” food security law
» Al-Kazemi directs the Baghdad Municipality to launch hygiene campaigns
» Saleh praises the efforts of the US ambassador to develop relations between the two countries
» Statement from Al-Rafidain regarding the Salaf: Beware of fake links and websites
» The dollar is rising in the Iraqi market
» The rule of law: the inclusion of the Food Security Law in the Parliament’s schedule is contrary to
» A military delegation inspects the engineering fortifications system on the Iraqi-Syrian border
» The 30-day deadline... What do allies of al-Sadr say?
» Al-Samarrai discusses with Al-Hakim solutions to alleviate the "political tension"
» The Committee on Agriculture, Water and Marshes determines its chairman and two deputies
» Al-Kazemi arrives at the Baghdad Municipality building
» The Parliamentary Regions and Governorates Committee selects a president and two deputies
» The Parliamentary Committee on Culture, Tourism, Antiquities and Media selects a chairperson and two
» Al-Kazemi: Some Baghdad streets have lost their identity and clean-up campaigns must be launched
» The Parliamentary Health and Environment Committee selects a chairperson and two deputies
» "independents" raise the ceiling of their ambitions and insist on the formation of the "largest bloc
» Oil rises more than a dollar a barrel in Asian trading
» The rise in the price of the dollar in the local markets
» Until the end of 2024.. The Central Bank of Iraq postpones the payment of agricultural and industria
» Al-Kazemi opens fire after “silence”: We faced a disaster that the policies of those who accuse us o
» The Iraqi Council of Ministers adopts Al-Kazemi's position regarding the federal decision and issues
» Blackshart informs the Security Council of its concern over desertification and the negative politic
» The Iraqi government decides to increase the purchase price of wheat from farmers to 850 thousand di
» The Iraqi government: Work is underway to restore the Food Security Law through constitutional and l
» Including taxis.. the Iraqi government takes 5 new decisions
» The Council of Ministers agrees to waive the debts owed by the scientific competencies of the displa
» The Central Bank of Iraq postpones the payment of the installments of its initiative loans from the
» The House of Representatives publishes the agenda for Thursday's session
» New guidance for the 100,000 dinars grant
» The Council of Ministers holds its session headed by Al-Kazemi
» Al-Zamili: We will exclude any paragraph of the Food Security Law that can be exploited by wasting p
» The "dilemma" of forming the government continues.. Will the initiative of the independents succeed
» Zidane and the Minister of Security and Justice in the Netherlands discuss common legal issues in th
» Al-Kazemi: We tolerated defamation, lies and fabrication for the sake of our people
» Alsumaria News publishes the agenda of the parliament session next Thursday
» New Cabinet decisions, including the "wheat crop"
» The Secretariat of the Council of Ministers responds to the amendment of the Judicial Fees Law: A ca
» The Central Bank Postpones The Payment Of Loan Installments For Its Initiative From The Agricultural
» The Shortage Of Ration Items Prompts A Parliamentary Bloc To Host The Minister Of Trade
» Al-Rubaie receives the Kuwaiti ambassador and discusses with him the developments of the political s
» Al-Zamili: Food security is on the Parliament table for the next session
» The Minister of Electricity meets the President of the Federal Supreme Court
» Soon.. Baghdad will host a meeting between the foreign ministers of Iran and Saudi Arabia
» The Iraqi parliament sets tomorrow, Wednesday, the first reading of the Food Security Law
» Iraq: Debts and receivables for imported Iranian gas are still pending in many of its details
» What are the alternatives to the political process in Iraq to get out of the quotas? Urgent
» The President Of The Republic Receives The Credentials Of Three New Ambassadors
» Deputy: Al-Kazemi Government's Policies Contributed To The Rise In Poverty Rates
» Deputy: The Canceled Food Security Law Granted The Region Huge Sums Of Money For Free
» Turkmen Warning Against Exceeding Kirkuk Oil
» State Of Law: The Triple Alliance Was Broken Up And Over
» "Al-Hanana" denies, via Shafaq News, that Al-Sadr received a message from the Najaf authority: This
» This is what it has and what it has to do..a legal expert detailing the powers of the Iraqi caretake
» Al-Kazemi’s advisor: The Federal Court’s decision cut off the way for the government’s demand to sub
» Kurdistan Judicial Council: The oil law in the region does not violate the constitution, and its pro
» Parliamentary Finance talks about “constitutional and judicial obstacles” that prevent the enactment
» Parliamentary Economy Chooses A President And Two Deputies