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To: All
"By his own account, President Obama engaged in the complex cash transfer in order to end-run sanctions that prohibit the U.S. from having “a banking relationship with Iran.”

Looks like the short-sighted Boobambas veered off from The Bank Secrecy Act of 1970 (BSA otherwise known as the Currency and Foreign Transactions Reporting Act).

The BSA requires financial institutions in the United States to assist U.S. government agencies to detect and prevent money laundering.......and other criminal financial acts.

Specifically, the act requires financial institutions to keep records of cash purchases of negotiable instruments, and file reports of cash purchases of these negotiable instruments of more than $10,000 (daily aggregate amount---is considered structuring by the IRS), and to report suspicious activity that might signify money laundering, tax evasion, terrorism, or other criminal activities.

36 posted on 08/06/2016 7:12:47 AM PDT by Liz (SAFE PLACE? A liberal's mind. Nothing's there. Nothing penetrates it.)
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To: Liz

Do we think these were bills withdrawn from a bank....as opposed to pallets from the Mint/Reserves?


64 posted on 08/06/2016 8:30:43 AM PDT by lepton ("It is useless to attempt to reason a man out of a thing he was never reasoned into"--Jonathan Swift)
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To: Liz

On money-laundering alone....there is more than enough evidence to convict whoever designed this and authorized it. My suspicion is that the President merely attended the meeting and waved his hand....there’s someone else, probably down in the CIA, who signed the paperwork and authorized the payment. That’s the guy who would be due for money-laundering charges.


98 posted on 08/07/2016 2:33:39 AM PDT by pepsionice
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