Can You Be Pulled Over with 10,000 Dollars Cash and Have It Seized, Even If You Didnu2019t Break Any

Can you be pulled over with 10,000 dollars cash and have it seized, even if you didnu2019t break any laws?

You could still potentially be done for money laundering, if stopped, you may need to show the provedence of the funds… that it was acquired honestly. It could be tested for drug residue also. Who knows what an officer will think. Maybe speak to someone at the station and explain how you came to the money. S/he will possibly allay your fears and tell you that you need not feel so guilty

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could someone explain to me in simple terms what money laundering is?

example: I have 1000 dollars I made selling crack. I don t have a job so if im stopped by the cops they want to know where I got 1000 dollars when im jobless. did I steal it? did I sell drugs for it? heres the solution. you have buddy at the local antique store. you take him a old rock off the ground and tell him its a moon rock. he knows better but offers you a thousand dollars for it. he write you a receipt for the rock for 1000 dollars. you give him 100 dollars for the bogus receipt. you get 900 he gets 100 and everybody wins . if you get asked where you got the 900 dollars you pull out your receipt and show where you sold an item to an antique store. that s mey laundering just on a smaller scale

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What would be the reaction of the American public if President Trump is charged by the Special Attorney with the crimes of colluding with the Russians and money laundering?

Do not think that will happen. The money laundering was mostly by associates

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So, was Solyndra just a money laundering program for corrupt people associated with the White House?

There needs to be a serious investigation done. There will be numerous arrests; possibly leading up to the President

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What does it mean to declare money? when you come from a different country?

Yes cash has to be declared. Not for taxes but to stop money laundering

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How do you say "money laundering" in Arabic?

tabyeed amwal. (تبيض اموال) thats if you mean the criminal kind of money laundering.

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Whatu2019s the craziest money laundering scheme you ever encountered? If they were caught, what led to their capture?

I only read about this but there was a couple who would go to places where change machines were available, take copies of dollar bills, run them through the change machines and take all the change. I think security cameras were their downfall

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How to deal with a relative's hoarded cash without being accused of money laundering

You (or the bank) will have records of these withdrawals which should corroborate the source of the money if you are asked to prove it.I suspect any attempts to obfuscate what you are doing will merely draw more attention

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Sec. 311: Special measures for jurisdictions, financial institutions, or international transactions of primary money laundering concern

A new section was added to Title 31, subchapter IV, chapter 53, subchapter II ("Records and reports on monetary instruments transactions") of the U.S. Code. The section was 5318A, entitled "Special measures for jurisdictions, financial institutions, or international transactions of primary money laundering concern". It specifies that financial institutions or financial agencies may be required to take special measures when so directed by the United States Secretary of the Treasury. Any such order by the United States Treasury, with the exception of orders that require additional record keeping or reporting for any transaction over an amount greater than the Secretary describes, is issued with a notice of rule making regarding the special measure. Orders may not remain in effect for more than 120 days, though any ruling may be extended by the Treasury. When the Secretary of Treasury orders special measures, that person must first consult with the Chairman of the Board of Governors of the Federal Reserve System, any other appropriate Federal banking agency (as defined in section 3 of the Federal Deposit Insurance Act), the Secretary of State, the Securities and Exchange Commission, the Commodity Futures Trading Commission, the National Credit Union Administration Board and any other relevant parties the Secretary of Treasury decides to call on. The special measures must take into account whether similar actions were taken by other nations and multilateral groups; whether the measure will cause any competitive disadvantage for U.S. financial organizations; how the timing or impact of the decision will affect legitimate business activities; and what effect the action would have on U.S. national security and foreign policy. The special measures must be undertaken for all transactions that are made outside the U.S. in areas where money-laundering has been identified as a concern. The measures involve: the maintenance of records of the aggregate amount of transactions made in such areas. Such records must include: the identity and address of the participants in a transaction or relationship, including the identity of the originator of any funds transfer; the legal capacity in which a participant in any transaction is acting; the identity of the beneficial owner of the funds involved in any transaction, in accordance with such procedures as the Secretary determines to be reasonable and practicable to obtain and retain the information; and a description of any transaction. undertaking reasonable steps to obtain and retain information on foreigners who gain a benefit of ownership of an account which is opened and maintained in the U.S., and yet who do not own the account itself (this is called beneficial ownership) the identification of any foreign customers who are authorized to use or route transactions through a payable-through account in the U.S.The section also details what is considered a "primary money-laundering concern". The Secretary of Treasury ultimately makes the decision on such areas in consultation with Secretary of State and the Attorney General. Several jurisdictional factors must be taken into account, including: evidence that organized crime, international terrorists, or both, have transacted business in that jurisdiction; the extent to which bank secrecy or special regulatory advantages are given to nonresidents or nondomiciliaries in the jurisdiction; the substance and quality of administration of the bank supervisory and counter-money laundering laws of the jurisdiction; the relationship between the volume of financial transactions occurring in the jurisdiction and the size of the economy of the jurisdiction; the extent to which the jurisdiction is characterized as an offshore banking or secrecy haven by credible international organizations or multilateral expert groups; whether the U.S. has a mutual legal assistance treaty with the jurisdiction, and the experience of U.S. law enforcement officials and regulatory officials in obtaining information about transactions originating in or routed through or to the jurisdiction; and whether there are high levels of official or institutional corruptionThe Secretary of Treasury also considers whether financial institutions facilitate or promote money laundering, balanced against the extent to which they perform and promote legitimate business activities. He or she must also decide whether the financial institutions is undertaking any of the special measures specified above when considering whether the jurisdiction, financial institutions, types of accounts, or transactions are or are not primarily a money laundering concern.

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