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Showing posts with label FinCEn. Show all posts
Showing posts with label FinCEn. Show all posts

Monday, May 16, 2016

Want Privacy, Here Are Some Ways


Putting the privacy genie back in the bottle… sort of

The Founding Fathers recognized that an oppressive government could use its powers to intimidate, harass or steal the possessions of average citizens. In fact, British royal officers would use “writs of assistance” to conduct searches of the homes of colonists in an effort to detect violations of British customs laws.
So the 4th Amendment to the Constitution — as part of the Bill of Rights — was adopted which says, “The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable search and seizures shall not be violated, and no Warrants shall issue, but upon probable cause, supported by Oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized.”
Yet today the Federal government tramples all over the spirit and the letter, of the 4th Amendment with its USA PATRIOT Act, FinCEN, SAR, CTR, TIA and ADVISE programs, and others. Bureaucrats, businesses and crooks alike are mining the data of millions of Americans looking at who you communicate with, what you read, what you buy, where you shop and what you eat, and they’re making a determination about you and your character based on the information a computer kicks out.
Government spooks are now pushing for – and in some cases have achieved — new, expanded police powers that include mandatory fingerprinting, iris scans and DNA sampling of all citizens, national biometric ID cards, transponder tracking of vehicles (some politicians are advocating a mileage tax) and even geographical tracking of citizens through microchip implants.
And even though it may not yet be happening, in the very near future you could see discrimination, profiling or harassment resulting from all the information stored in government computers. Don’t think it’s possible? Ask the Japanese, some of whom are experiencing “bura-hara,” which is blood type harassment.
Based on what many call sham science, many Japanese are being segregated based on their blood type, even though doing so is supposedly against Japanese law. The theory is that a person’s personality, work ethic and morals can be determined by blood type. It is affecting children in kindergarten, and the Japanese women’s softball team members had their training regiments personalized based on their blood type.
Any information in your electronic database could set off “flags” or could be pulled out and used against you at any time and for any reason. And if you have the courage or occasion to speak out against your government, some member of a vindictive politician’s or government functionary’s staff may very well be into your files looking at your records for a way to slime your reputation. That’s what the Obama campaign team and the mainstream media tried to do to Joe “the Plumber” Wurzelbacher, who saw his life exposed and his reputation sullied simply because he responded to a Presidential candidate during a chance encounter.
What can you do about it? Well, you can’t completely put the privacy genie back in the bottle. If you have been using credit cards, debit cards or loyalty cards; or you have rented movies — either through the old video stores or Red Box or Netflix; or if you’ve given out your Social Security number or if you have a cellular telephone or other wireless device; or if you are using any social media you are in the database.
The watchers in government have your information. Businesses have your information. Private investigators, vindictive spouses, greedy lawyers, jilted lovers (whether they really were or just imagined they were) or stalkers can learn all about you and possibly track you down.
However, that doesn’t mean they have to have your latest information. You can begin now to make it more difficult to be tracked or found.
Here are a few ways you can regain some semblance of privacy, taken from my book, “The Ultimate Privacy Guide”:
  • When making purchases, do so with cash. If you feel you must have a credit card for emergencies, or to make online purchases, use a prepaid card. Those accounts can be opened without having to provide personal details and the cards can be funded with cash payments. That way, no electronic trail is left that leads back to you.
  • In his book, Privacy Crisis, Grant Hall recommends using credit cards to pay large bills if the company agrees not to retain your name and credit card information in their database. The question is, can you trust them to do what they say they’ll do? He says that some large companies are willing to do this—if you speak with a company manager in advance —but smaller companies are usually reluctant.
  • Pay bills or make online purchases with online payment services like PayPal.
  • To bank anonymously, Hall recommends setting up a revocable trust and opening a non-interest bearing checking account in an American bank. He describes in detail in his book how to set up the trust account.
  • Two other entities you can establish are Family Limited Liability Companies and Family Limited Partnerships. These provide some semblance of personal privacy.
  • Never give out your Social Security number except when necessary on government forms like tax returns. Question every request you get to provide your number and try to negotiate an alternative such as a driver license, suggests David H. Holtzman in his book, Privacy Lost.
  • If you are concerned about being tracked, avoid using modern technology like cell phones, a global positioning system or similar items. If you have a cell phone, take out the battery when you’re not using the phone. Cell phones have essentially become tracking devices.
  • Become someone else. This requires some effort and time, but it’s possible. In other words, you can establish an alternate identity for yourself if you need to drop off the radar. Doing so requires thoughtful and intense planning. But the new “person” can enjoy all the privileges of the old person without the fear of someone tracking you down that you don’t want to find you.
  • Erase vestiges of the “old” you. Go to a popular search engine like Googleenter your name and click “search.” You might be very surprised — and a little concerned — at all the information about you that is easily obtained. It’s going to take some time, but you can begin to slowly, but surely, erase your personal information from most public databases.
This certainly doesn’t cover all aspects of the way your privacy is being and has been stolen from you. Nor does it provide detailed solutions for getting as much of it back as possible.
For more information on these steps to learn a host of others you can take to regain your lost privacy, just click here to receive my book, “The Ultimate Privacy Guide,” in e-book form. It’s completely free for you.
But remember, privacy is a process rather than a destination. As soon as you think you have covered all aspects of personal privacy, some new technology will come along or a new law will be passed that will undo your hard work.
Privacy requires you be ever-vigilant.

Thursday, June 5, 2014

The Pieces Of Control Of All Americans Money Are All Coming Together


Message to All Readers from Conservative Musings. The following information is provided to ensure that you know what is occurring in the United States and world-wide. We do not vouch for or condone any of the recommendations, programs, seminars or advice. You should always seek other counsel  prior to acting on anything read on the internet.

Conservative Tom




The Dollar  
Vigilante
Thursday,June 05, 2014
US Foreign Wealth Confiscation Begins Under the Code Names FinCen, FATCA  
and FBAR
[Editor's Note: The following post is by TDV Editor-In-Chief, Jeff Berwick]
We have been reporting on how the US government is using very nefarious and egregious methods on tracking its own citizen's financial information, fining them and even instituting the Foreign Account Tax Compliance Act (FATCA) as a form of subterfuge capital controls which is closing off international banking to Americans (as we reported yesterday in Mexico)
FinCen, the Financial Crimes Enforcement Network, has, in essence, been making nearly any international transfers of money viewed as a criminal activity.  FATCA has been making it harder and harder for Americans to open international bank accounts.  And FBAR, the Report of Foreign Bank and Financial Accounts, has made it a highly punishable offense for any American with a foreign account worth over $10,000 if they do not file an FBAR each year.
The problem with FBAR is that countless Americans with foreign accounts and US expats are completely unaware of its existence.  And, despite the fact that there are literally tens of thousands of rules in the US tax code for things like this, ignorance of its requirement is not excusable.
We have stated in the past that FinCen, FATCA and FBAR are all intermingled to essentially put in capital controls on the US populace and, as well, steal most of the money from those with funds abroad.  In the past many said that we were being too alarmist and surely the US government would not do something like this.
Well, think again, it just happened.  And it was even worse than we thought.
CARL ZWERNER JUST GOT FBAR'ED
In a court decision just released a man who ignorantly did not file an FBAR had not only all of his funds seized by the US government but, unbelievably, even more than he had in his account. 
Carl Zwerner, an 87-year old Florida man, must pay the US government a 150% penalty on the value of his Swiss bank account, amounting to the biggest penalty by percentage on record, according to his lawyer. Carl Zwerner will pay more than $2 million "for willfully failing to file a US Treasury form called a Report on Foreign Bank and Financial Accounts, or FBAR. Prosecutors and the Internal Revenue Service use FBAR penalties, which sometimes are worse than criminal fines, in order stamp out "offshore tax evasion."
As we've discussed in The Dollar Vigilante Blog, individuals have flocked to the IRS amnesty program which purports to allow holders of undeclared offshore accounts avoid prosecution. Over 43,000 Americans have joined the program since 2009, shelling out $6 billion to the US. 
In Zwerner's case, the IRS sought to seize 50% of the value of his account compounded over each of four years where he was deemed in non-compliance. With Zwerner's case a new precedent has been set. “As this jury verdict shows, the cost of not coming forward and fully disclosing a secret offshore bank account to the IRS can be quite high,” Kathryn Keneally, the head of the tax division, said in the statement.
They can get 50 percent for the non-filing of one piece of paper, and 200 percent for the non-filing of four pieces of paper,” Zwerner's lawyer Martin Press said in a phone interview. “The question is whether such a massive penalty is appropriate for simply a disclosure form which carries no tax.”
Zwerner's Swiss account at ABN Amro Group NV, the Netherlands’ third-biggest bank, was valued at $1.48 million in 2004, when his FBAR penalty was $723,762; the value in 2005 was $1.49 million, when the penalty was $745,209; and the value in 2006 was $1.55 million, and a $772,838 penalty. The total penalties were $2.24 million.
Many naysayers said that the US government would not come after the total value of an account deemed in non-compliance.  In a sense they were right... the US government came for nearly double the amount held in the account!
But Zwerner's isn't the biggest FBAR penalty in terms of size on record. H. Ty Warner, the billionaire founder of Beanie Babies, pleaded guilty last year on evading taxes on secret Swiss accounts that held as much as $107 million. He paid an FBAR penalty of $53.6 million.  Although, compared to Zwerner, he got off easy with only 50% of his funds stolen.
Mary Estelle Curran, a 79-year-old widow from Palm Beach, Florida, pleaded guilty last year for not disclosing $43 million at UBS AG. (UBSN) She paid a $21.6 million FBAR penalty.  Ms. Curran fell for the IRS's "limited-amnesty program" in 2009, where they said they would not fine her if she came forward. But the agency simply rejected her and fined her anyway.  In her case it is even worse as she was indicted in late 2011 and faced up to 37 months in prison. 
Zwerner testified, telling jurors that he tried to enter the IRS voluntary disclosure program, and that he didn’t know until 2008 that he must file FBARs. “Zwerner’s original tax returns for 2004 to 2007 didn’t report any income from the Swiss bank account,” reads a US complaint filed in June 2013. “The first time he reported such income was when he amended those returns.”
He failed to declare interest on his foreign account. The account was opened in the 1960s, and was held in the name of two foundations, according tot he Justice Department. “Zwerner was able to use the proceeds of the account whenever he wanted and used it for personal expenses, including European vacations,” the department said.
A TIME OF GREAT RISK... AND A TIME OF GREAT OPPORTUNITY
It can seem like there are no options for hardworking Americans, that the nation has reached that point which Ayn Rand predicted where the most productive would stop working simply because it paid more to do nothing. Even if you do work your whole life, you might be thinking, the government will ultimately come one day and take it all away. 
This does not have to be the case. There are still many options available, but the landscape is quickly changing and in order to get the right advice you'll need a highly informed and nimble team such as the one at TDV Wealth Management (TDVWM) where we advise the countless Americans who have been caught up in this extortion dragnet.  And you can stay informed with The Dollar Vigilante (TDV) Newsletter.  TDV has been ahead of the curve advising people to internationalize their precious metals (Getting Your Gold Out Of Dodge), been early into the importance of bitcoin in protecting your assets and advising Americans to get a second passport.
On the bright side, although the news and information can be depressing, there are countless things to be excited about and a plethora of opportunities to not only survive the coming collapse of the West but to prosper. The End Of the Monetary System As We Know It (TEOTMSAWKI) will be a time of Great Transformation. If you remain open-minded, relaxed, well informed and focused you could actually do better than you even thought possible... but it is going to mean taking personal responsibility in how to navigate the coming collapse.
Your government registered financial advisor will likely not know and/or tell you about what is going on.  Take responsibility for your own personal and financial future.
Through taking control and paying attention to what is going on you will be positioned for a period of great change and opportunity.  If not you may get FBAR'ed like Carl Zwerner.
It's really that simple.
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Anarcho-Capitalist.  Libertarian.  Freedom fighter against mankind’s two biggest enemies, the State and the Central Banks.  Jeff Berwick is the founder of The Dollar Vigilante, CEO of TDV Media & Services and host of the popular video podcast,Anarchast.  Jeff is a prominent speaker at many of the world’s freedom, investment and gold conferences as well as regularly in the media including CNBC, CNN and Fox Business.

Friday, May 23, 2014

US Putting The Squeeze On All Other Nations To Report Income From Americans And Expats.

The Dollar  
Vigilante
Friday,May 23, 2014
Is This The End Of The St. Kitts & Nevis Citizenship Program?
[Editor's Note: The following post is by TDV Editor-in-Chief, Jeff Berwick]
The US Government has many goals for the future, and one of them is to simply never let their citizens out of their sight nor their tax web. That's why the many legal passport programs offered throughout the world must be dismissed as shady and dangerous, even though they are perfectly accepted and legitimate programs.
Uncle Sam simply wants to know where your capital is and make sure you don't try to take it outside of its tax base under any circumstance. 
ST. KITTS-NEVIS UNDER US RADAR
To this end the Financial Crimes Enforcement Network's (FinCEN) released new guidance this week warning US banks against working with individuals holding passports from St. Kitts-Nevis.  This is merely the most recent in a long-line of US directives to hamper business worldwide in the fight against "money laundering." Of course, if you're one of the US government's cronies, or pay a big enough percentage of the money laundered to the authorities via "fines and penalties" (read: operating expense), then you've got a green light...
St. Kitts is merely one nation of many offering "citizenship-by-investment" programs. Nonetheless, it has caught the attention of FinCEN. By simply making a financial investment in the country, an investor can receive citizenship for themselves and their family.
The program, which enables investors to receive a passport from St. Kitts in as little as six months is attractive to those investors who are looking to get a second passport quickly for a variety of reasons including wanting to renounce their current citizenship and escape the worldwide taxation imposed on them by the US government.
According to FinCEN, certain individuals are using the St. Kitts-Nevis passport program "for the purpose of engaging in illicit financial activity." FinCEN goes on:
"Financial institutions can mitigate exposure to such risk through customer due diligence, including risk-based identity verification consistent with existing customer identification programme requirements."
The US government in recent years, through legislation such as the Foreign Account Tax Compliance Act (FATCA), has implemented legislation to efficiently collect taxes from those citizens whose money is held abroad.
The advisory, dated May 20th, states, "FinCEN believes that illicit actors are abusing this programme to acquire St. Kitts-Nevis citizenship in order to mask their identity and geographic background for the purpose of evading US or international sanctions or engaging in other financial crime."
Although FinCEN admits that Citizenship-by-Investment programs are common, it says the St. Kitts-Nevis program in particular is problematic.
"While many countries offer programmes similar to the St Kitts-Nevis Citizenship-by-Investment programme, the St Kitts-Nevis programme is attractive to illicit actors because the programme, as administered, maintains lax controls as to who may be granted citizenship."
Prime Minister Douglas said the Citizenship by Investment Program is "one of the oldest in the world and the most credible to date in the world; it is the leading programme globally and we could not have attracted these accolades if there wasn't something that we were doing that wasn't right...And so from time to time you do have these situations where a citizen of St. Kitts-Nevis is being investigated."
FinCEN's scrutiny comes after The International Monetary Fund (IMF) said Wednesday that the economic recovery in St. Kitts-Nevis has "gathered momentum."
The IMF's Judith Gold said that the economic growth in St. Kitts-Nevis reflects a “pickup in tourism, a strong expansion in construction activity related to large Citizenship-by-Investment (CBI) inflows, a substantial increase in public sector investment, and impetus from the People Employment Programme (PEP)”.
FinCEN TRIES TO MANAGE TIDE OF RENUNCIATIONS
FinCEN shares a common interest with the Internal Revenue Service (IRS). Whenever a US citizen gets a second passport and renounces his or her citizenship, the US government loses track of money and potential tax revenue. This is a major problem for the biggest, most indebted empire in world history.
FinCEN is reacting to a brain drain taking place, not from Ethiopia, Haiti, Cuba or any other "poor" nation, but from the good ole' USA. Renunciations from the US reached a new high in 2013 breaking all previous records and 2014 looks set to surpass it.
This is not the first, nor likely the last, attack by the US government attempting to make it harder for their citizens to get foreign citizenship.  As we have detailed in the past, the US put great pressure on the Dominican Republic to make them change their citizenship rules from requiring a three year residency prior to applying for citizenship to now eight years.
As well the US government has been putting pressure on non-tax or low-tax jurisdictions to increase their taxes so as to make it less attractive for US citizens to expatriate to that country.  This happened recently with a CIA-backed coup in Paraguay in which income taxes were raised from 0% to 10% just days afterward.
THE DOORS ARE CLOSING
Your average American has no idea of what is going on in this area.  Your average American has a middle-class job and doesn't even have a passport nor has ever even traveled outside of the US.  However, those with substantial assets and higher incomes who transact internationally are seeing doors closing at every level.
The SEC has made it all but impossible for an American to open a brokerage account outside of the US for years.  Now, with FATCA, it is very difficult for an American to open a bank account outside of the US.  And, as we can see with St. Kitts and in the Dominican Republic the US government is trying to make it more difficult for Americans to get a foreign citizenship.
The doors are closing. And, the US government is bankrupt and will soon be feasting upon American assets in a desperate attempt to stay alive a little while longer.
Those Americans who have been trying to do business internationally are seeing the walls close around them... yet, because the average American is not aware of it - and worse, would be happy to hear that the walls are closing to keep those assets of "the rich" inside the US - the US government is receiving little to no opposition to all these actions.
Now, more than ever it is important for those in the US with assets to look to get their assets out of the US before the walls close completely and to get a foreign passport while it is still possible.  All of these actions should have people running not walking for the exits. 
If you are interested in getting out of dodge and ensuring the safety and prosperity of your family, then let TDV help you through the process today of obtaining a second passport. 
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Anarcho-Capitalist.  Libertarian.  Freedom fighter against mankind’s two biggest enemies, the State and the Central Banks.  Jeff Berwick is the founder of The Dollar Vigilante, CEO of TDV Media & Services and host of the popular video podcast,Anarchast.  Jeff is a prominent speaker at many of the world’s freedom, investment and gold conferences as well as regularly in the media including CNBC, CNN and Fox Business.