HORSEPLOP.COM
General Category => Harness Racing => Topic started by: swoodall on August 15, 2018, 03:50:31 PM
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This is 100% true and just happened to me!
I make a voucher withdrawal from my ADW accounts and then I usually deposit that into my bank.
I never keep more than $500 on my ADW account for any reason just in case I have a bad day.
So I was in the drive thru making a cash deposit at the bank when the teller asked me to come inside!
I looked at her and asked why? She asked please so I parked and went inside.
Now I know these people outside of their work so I thought someone had hacked our account and they were wanting to tell me inside privately.
No! Not even close to the truth!
I am on a list for possible money laundering for making lots of cash transactions! ngc3 ngc3
I had to show my I.D. and the branch president told me this was ridiculous but he had to do it by law.
Because I always deposit cash but stay under the federal reporting requirements making multiple smaller deposits vs one larger one that flagged me in their system.
WTF! 91zxa.1
He told me they can request that certain individuals be removed from this list but the handout he gave me clearly says these reporting requirements apply to all : cash deposits and payments.
I never hide any money the deposits are right in the open to see and all ADW accounts keep records of all transactions.
So now horse player or gamblers in general are equivalent to drug dealers in the government's eyes? 11.dt
If you don't use an ADW or players card and deal strictly with cash to hide your betting then don't go to the bank and try and deposit your winnings if you make a big score. Hide it in your mattress.
Here is what he gave me:
IMPORTANT CHANGES FOR CASH TRANSACTIONS
(my bank) is committed to doing our part to deter criminal activities related to money laundering. In order to enhance our level of security on cash transactions, and be in compliance with federal law, we are now collecting additional depositor information during all cash transaction processing.
Maybe you guys have dealt with this already and my bank is behind the curve but this was my first encounter with being profiled like a drug dealer. 43xc.2
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WE ALL KNOW YOU ARE SENDING MONEY TO TERRORIST ORGANIZATIONS
OR HILLARY CLINTON
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Not necessarily a drug dealer Swooey but a possible terrorist. Say hello to the DHS and their bullwhip the Patriot Act.
Our 9/11 group we found out much later had monies funneled to them in small amounts like $400-$500 at times for expenses. The banking limits that triggered attention then were higher and more focused on wire transfers.
I go into my branch to write a check to cash before vacation and get the 3rd degree every time now.
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THE MOST COMPLEX REDBOARD I HAVE EVER READ
NICE WORK
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Not necessarily a drug dealer Swooey but a possible terrorist. Say hello to the DHS and their bullwhip the Patriot Act.
Our 9/11 group we found out much later had monies funneled to them in small amounts like $400-$500 at times for expenses. The banking limits that triggered attention then were higher and more focused on wire transfers.
I go into my branch to write a check to cash before vacation and get the 3rd degree every time now.
Did these changes take affect after 9/11?
If so then why did it take my bank 17 years to comply? 94z.sm
Or maybe they just realized I'm a handicapped terrorist trying to infiltrate nursing homes? 84zac.1 ngc3 ngc3
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OR HILLARY CLINTON
ngc3
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THE MOST COMPLEX REDBOARD I HAVE EVER READ
NICE WORK
I have the paper he gave me right here on the table and had to verify all my accounts. 91zxa.1
It's bullshit! 63z.uzi
Did I also get put on a no fly list because I won a little money at the track? 94z.sm
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Swoodall
I think the Illinois department of disability are tired of funding your gambling problems. I called my buddy at the irs and had them put you on the list.
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Swoodall
I think the Illinois department of disability are tired of funding your gambling problems. I called my buddy at the irs and had them put you on the list.
Small potatoes compared to the money you spend feeding those amish rejects you race. tmbz1
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Swoodall
I think the Illinois department of disability are tired of funding your gambling problems. I called my buddy at the irs and had them put you on the list.
THAT MAKES 2 OF US
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Did these changes take affect after 9/11?
If so then why did it take my bank 17 years to comply? 94z.sm
Or maybe they just realized I'm a handicapped terrorist trying to infiltrate nursing homes? 84zac.1 ngc3 ngc3
Yes,it happened with the Patriot act signed but the scumbag Bush,you are lucky nothing has happened to you this long,my bank closed all my accounts long long ago,i had to change banks as they said my activity was suspicious,don't worry though,in 2020 Pocahontas will save us all
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I have the paper he gave me right here on the table and had to verify all my accounts. 91zxa.1
It's bullshit! 63z.uzi
Did I also get put on a no fly list because I won a little money at the track? 94z.sm
YOU HAVE MUSLIM TIES
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For clarification here this wasn't just the inconvenience of showing your I.D.
All my information was typed into their computer with my transaction identifying me as the culprit. ngc3 ngc3
They are tagging all cash transactions with a personal I.D.
So what's next? When I go to Walmart I'll have to show an I.D. to pay cash? 91zxa.1
Are all cash transactions going to be treated as possible crimes? 98za.ag
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For clarification here this wasn't just the inconvenience of showing your I.D.
All my information was typed into their computer with my transaction identifying me as the culprit. ngc3 ngc3
They are tagging all cash transactions with a personal I.D.
So what's next? When I go to Walmart I'll have to show an I.D. to pay cash? 91zxa.1
Are all cash transactions going to be treated as possible crimes? 98za.ag
YOUR CAR MAY HAVE TRACKING DEVICE TOO
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This has been going on for quite some time...they think you might be a drug dealer...seriousl y...so just do Adw to bank transfer and pay your taxes.
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TRUMP SAID WE NEED ID TO BYE FOOD (RIGHT) ngc3
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Small potatoes compared to the money you spend feeding those amish rejects you race. tmbz1
Difference is I earn my $$$$$, you don’t.
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TRUMP SAID WE NEED ID TO BYE FOOD (RIGHT) ngc3
Hes a sharp cookie
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This has been going on for quite some time...they think you might be a drug dealer...seriousl y...so just do Adw to bank transfer and pay your taxes.
I was waiting for this response. angbk
I guarantee you at least 1/2 the guys on here know why this is a problem....it's called a wife!
By using cash you can control how much she sees when you win. tmbz1
If you show all your winnings through transfers they get wild ideas about how to spend your winnings. angbk
Obviously this money laundering surveillance has been going on a while but this is the first time it has reached my level of deposits and withdrawals which again is bullshit.
I doubt any horse racing gamblers are involved in any high crimes and misdemeanors.
Other than being pissed off that I was being treated like a suspect the part that really got me was the Government flyer they handed me saying these changes will affect All Cash Transactions.
That means horsemen, grooms, owners will all be under the same scrutiny when using cash at their banks.
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News Flash For Cigar!
ZERO = ZERO! ngc3 ngc3 ngc3
ngc3 ngc3 your an idiot swoodall tmbz1
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Get your own bank account and electronic statements or a new wife.
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After further consideration I want to amend a previous post.
I said 1/2 the guys on here would understand the wifey thing but I'm pretty sure that estimate was too high. angbk
I forgot most guys on here are NOT normal people living normal lives. 68xv.2 43xc.2
Most horsemen don't have wives they have baby mommas. :1
And too many gamblers are degenerates living in their mom's basement.
And the ones who do get married are too self centered to stay married so my point was lost on most of them. 11.wp
There is no intention to deceive any taxing body when your play and winnings are documented.
So the assholes taking that route in responding are just being their dickish selves. 94z.sm
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After further consideration I want to amend a previous post.
I said 1/2 the guys on here would understand the wifey thing but I'm pretty sure that estimate was too high. angbk
I forgot most guys on here are NOT normal people living normal lives. 68xv.2 43xc.2
Most horsemen don't have wives they have baby mommas. :1
And too many gamblers are degenerates living in their mom's basement.
And the ones who do get married are too self centered to stay married so my point was lost on most of them. 11.wp
There is no intention to deceive any taxing body when your play and winnings are documented.
So the assholes taking that route in responding are just being their dickish selves. 94z.sm
I have a great life
Nice home
And enjoy.my life
My health no great but
Most horsemen I know have a pretty good life
So I think u are wrong with last post
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THAT DARN BANK IS RUINING EVERY CHANCE HE HAS TO DECEIVE HIS WIFE
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Our government doesn't tax gambling winnings. If you deposit 10k cash or more the bank asks questions, but that's about it.
I withdraw larger amounts of cash pretty often. My ATM limit is 5k a day. I feel bad for you guys who have to answer to your government about how you use your own money. That makes no sense at all.
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After further consideration I want to amend a previous post.
I said 1/2 the guys on here would understand the wifey thing but I'm pretty sure that estimate was too high. angbk
I forgot most guys on here are NOT normal people living normal lives. 68xv.2 43xc.2
Most horsemen don't have wives they have baby mommas. :1
And too many gamblers are degenerates living in their mom's basement.
And the ones who do get married are too self centered to stay married so my point was lost on most of them. 11.wp
There is no intention to deceive any taxing body when your play and winnings are documented.
So the assholes taking that route in responding are just being their dickish selves. 94z.sm
Normal people with normal lives!?!?! Is that what you call living at the Joliet otb leeching off the government? That’s normal to you? I feel sorry for your children, their father has showed them to be completely useless as a “normal” way to live
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This has nothing to do with horse players. What they have flagged you for is called structuring. I'd probably delete your original post because you literally admit to structuring.
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Our government doesn't tax gambling winnings. If you deposit 10k cash or more the bank asks questions, but that's about it.
I withdraw larger amounts of cash pretty often. My ATM limit is 5k a day. I feel bad for you guys who have to answer to your government about how you use your own money. That makes no sense at all.
I used to think these guys were only playing dumb but now I'm not so sure. 11.hmzr
The old system here only targeted deposits above a certain daily and weekly limit too.
But the point I made that these clowns ignored was the bank said this new I. D. enforcement applied to all cash transactions.
That's where the change occurred. Limits apparently don't matter anymore.
At least that is my understanding of the explanation they gave me.
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I have a great life
Nice home
And enjoy.my life
My health no great but
Most horsemen I know have a pretty good life
So I think u are wrong with last post
You are not living in a tact room smoking from a Volcano Vaporizer so don't take offense. tmbz1
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This has nothing to do with horse players. What they have flagged you for is called structuring. I'd probably delete your original post because you literally admit to structuring.
Structuring is avoiding daily and weekly reporting by maker smaller more frequent deposits.
Your attempt at lawyering is a D-.
I repeat again....ALL CASH TRANSACTIONS are subject to the I.D. rule now and that's the change I was warning about.
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It is part of the "anti money laundering act" I have to take course every two years ...any financial profesional has too to identify acts that could be considered illegal......and making multiple deposits of cash over a period of time is a red flag....in this day and age I use strictly cards and checks and rarely have cash on me.....so this will happen in the future.....it is there requirment.....
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The government only flags over 10k in withdrawals or deposits. Mass...I have also taken those 30 or 40 minute online waste of time mandatory courses. This post has zip to do with all horsemen or IRS red flagging someone making multiple 500 dollar withdrawal or deposits. ngc3 Over a decade never had one single issue about that and my banking active at times gets funky. It's probably more of the meth being made in that small town versus a ADW horse player. Another thread about nothing and talking about his self. Go back to talking about little league and your kid. At least that was respectful S.
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Swoodall is full of shit, Illinois flags 10k or more per deposit on a form 8300.
The business receiving it in no way may notify the person using the cash. That’s a fact!
Swoodall depositing a roll of dimes nothing happens.
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That's alot of DIMES
SWOODALL
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Swoodall classic story,
He was at the otb after he cashed his disability check
While taking some oxys he see his buddy walk in to the otb
So he runs in and him and the other 5 retards bet. Superfecta
Swoodall spots the driver on horse 1 taking a shit and he knows a good shit from a bad one so he tells his buddies after they all empty out their piss bags that they should single the 3 over the 58 in the super because when he was younger he was told a good shit from a bad one. So they hit the super for a dime and send Steve to make the $26 deposit at the bank. But Steve pockets the bills and brings his kids piggy bank to make a deposit. The girl at the window makes him come in because it was slow and everyone at the bank needed a laugh.
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Deposits a roll of dimes. ngc3 ngc3 ngc3 ngc3
That's rich. ngc3 ngc3 ngc3
The state must be taking "recapture" along with track takeout on his 10 cent supers!
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Structuring is avoiding daily and weekly reporting by maker smaller more frequent deposits.
Your attempt at lawyering is a D-.
I repeat again....ALL CASH TRANSACTIONS are subject to the I.D. rule now and that's the change I was warning about.
Really? So a call to the IRS hotline wouldn't have any effect on you, huh?
Listen dipshit, this admission right here, IS STRUCTURING
Because I always deposit cash but stay under the federal reporting requirements making multiple smaller deposits vs one larger one that flagged me in their system.
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We also know by your stories that you aren't a winning horseplayer. I would bet any amount of money on that.
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One thing you can count on at plop and in harness racing in general, each is filled with stupid inbreds.
This was given to me today at the bank:
UPDATED REQUIREMENTS FOR CONDUCTING CASH TRANSACTIONS
()Bank will ask for additional information from all individuals presenting cash transactions. Existing bank customers will need to present photo identification to the teller at the time of the transaction. If the existing account information is inaccurate or incomplete, additional information will be requested. Examples:
-Photo identification (driver's license or government issued ID)
-Full Name
-Physical address
-Date of birth
-Taxpayer identification number
-Occupation
Once we capture customer personal information, only photo identification is required for future cash transactions.
FAQ's
Do all banks have this requirement?
-Yes, all banks are required to comply with federal regulatory guidelines for cash reporting.
What if I own a business and have multiple people that conduct cash transactions on behalf of the business?
-We will need to collect personal information from all individuals conducting cash transactions on behalf of the business.
If you work on the backstretch ignore the resident assholes who have already chimed in with their daily ignorance and be prepared next time someone hands you cash for working or grooming or maybe as a tip.
Some of you get government benefits because the money you earn is still below the poverty level.
So you work for cash to supplement those benefits. To ensure you don't get penalized for trying to make ends meet don't take that cash to the bank! Your cash transactions will be used against you!
Or at least be aware that Uncle Sam is now using money laundering laws to go after the poor working class.
This is another racist move from Trump to attack illegal immigrants who work for cash to stay off the grid.
Regardless of what these CRACKHEADS claim to know, I copied these rule changes word for word from the handouts the bank gave me and I am just trying to give some viewers a heads up.
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Really? So a call to the IRS hotline wouldn't have any effect on you, huh?
Listen dipshit, this admission right here, IS STRUCTURING
Listen dipshit YOU ARE WRONG AGAIN! 43z.stf
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Swoodall is full of shit, Illinois flags 10k or more per deposit on a form 8300.
The business receiving it in no way may notify the person using the cash. That’s a fact!
Swoodall depositing a roll of dimes nothing happens.
Cigar is an expert at everything......e specially training horses! ngc3 ngc3 ngc3
Cigar, did you learn English in America or is English a 2nd language for you?
What does the title "IMPORTANT CHANGES FOR CASH TRANSACTIONS" mean? angbk
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This is copied from my bank's website:
Cash Transaction Processing FAQs.
We‘re making important changes for cash transactions
At ------ Bank we are committed to protecting your personal information. We are enhancing our process for cash transactions in order to meet regulatory guidelines for filing Currency Transaction Reports (CTRs) with the Financial Crimes Enforcement Network (FinCEN). We are now collecting additional identification information from individuals who request cash transactions. The additional information is required for most cash transactions, such as cash deposits, coin/currency orders, cash payments and check cashing.
This website provides information about this change and can be used to answer questions you may have. For more information, visit your local ----- Bank branch.
Who is FinCEN and what is CTR reporting?
Do all banks have this requirement?
Why am I now being asked for my personal information when you never asked for it in the past?
What personal information must be provided when processing a cash transaction?
How can I be certain you are protecting my personal information?
What if I don‘t have a TIN?
What are acceptable forms of identification?
I am concerned about verbally providing my confidential information over the drive through speaker or at a teller window. Do I have an alternative method for giving the teller my information?
What if I do not have time to wait for the teller to enter my information or if I don‘t have the required information (e.g. ID, TIN)?
Can I refuse to provide my personal information?
Do I need to provide my identification and other personal information every time I come in to process a cash transaction?
This proves who is lying and who is not! 96z.p
You would think these lowlife republiCONS would have learned something from Omarosa. ngc3 ngc3
Unless Trump banks at my bank then there is no reason to monitor customers for money laundering. 11.dt
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Swoodall is full of shit, Illinois flags 10k or more per deposit on a form 8300.
The business receiving it in no way may notify the person using the cash. That’s a fact!
Swoodall depositing a roll of dimes nothing happens.
When you Googled this on your phone you should have read the entire article. angbk
Form 8300 is a federal form used in reporting to the federal government not an Illinois statue.
Plus, why didn't your dumbass mention that Google also provided you with other articles linking you to Chase, Bank of America and Wells Fargo who started implementing the I.D. for cash transactions rule last year. Others banks including mine are now implementing these rules.
Honesty is not your strong suite, although I will say by you claiming to know something about banking it started me thinking about how someone as clueless as you would know what forms are used? 68xv.2
So I Googled it and low and behold there was Cigar's cheat sheet. ngc3 ngc3
You just cherry picked which parts you wanted to post. 94z.sm
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When you Googled this on your phone you should have read the entire article. angbk
Form 8300 is a federal form used in reporting to the federal government not an Illinois statue.
Plus, why didn't your dumbass mention that Google also provided you with other articles linking you to Chase, Bank of America and Wells Fargo who started implementing the I.D. for cash transactions rule last year. Others banks including mine are now implementing these rules.
Honesty is not your strong suite, although I will say by you claiming to know something about banking it started me thinking about how someone as clueless as you would know what forms are used? 68xv.2
So I Googled it and low and behold there was Cigar's cheat sheet. ngc3 ngc3
You just cherry picked which parts you wanted to post. 94z.sm
GINO IS EXPOSED?
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Your fucking stupid or a idiot or both swoodall, 8300 is an Illinois form dumb fuck. I use it at work often so don’t dickens tell me shit about the 8300. Your a fucking liar!!! No one reports a small deposit at any bank. Unless they think you are laundering money which I doubt your deposit of $26 is laundering money ngc3 ngc3 ngc3
So go try to post something else stupid because your full of shit.
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amount of cash is more than $10,000
The business receives the cash as:
One lump sum of more than $10,000
They can also report it in any sum of up to 10k if they feel it’s laundering, but no one does and on top of it it’s against the law to warn you they are reporting it also. So go fuck yourself in the ass if you think you gonna pull some bullshit conspiracy theory on this.
And you keep talking shit about training like you get me. I don’t care I do it for fun. I can afford it you can’t because your on disability milking the great state of Illinois. You actually are a no count in life go pop somebody and figure if Elvis is still alive.
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This is copied from my bank's website:
Cash Transaction Processing FAQs.
We‘re making important changes for cash transactions
At ------ Bank we are committed to protecting your personal information. We are enhancing our process for cash transactions in order to meet regulatory guidelines for filing Currency Transaction Reports (CTRs) with the Financial Crimes Enforcement Network (FinCEN). We are now collecting additional identification information from individuals who request cash transactions. The additional information is required for most cash transactions, such as cash deposits, coin/currency orders, cash payments and check cashing.
This website provides information about this change and can be used to answer questions you may have. For more information, visit your local ----- Bank branch.
Who is FinCEN and what is CTR reporting?
Do all banks have this requirement?
Why am I now being asked for my personal information when you never asked for it in the past?
What personal information must be provided when processing a cash transaction?
How can I be certain you are protecting my personal information?
What if I don‘t have a TIN?
What are acceptable forms of identification?
I am concerned about verbally providing my confidential information over the drive through speaker or at a teller window. Do I have an alternative method for giving the teller my information?
What if I do not have time to wait for the teller to enter my information or if I don‘t have the required information (e.g. ID, TIN)?
Can I refuse to provide my personal information?
Do I need to provide my identification and other personal information every time I come in to process a cash transaction?
This proves who is lying and who is not! 96z.p
You would think these lowlife republiCONS would have learned something from Omarosa. ngc3 ngc3
Unless Trump banks at my bank then there is no reason to monitor customers for money laundering. 11.dt
Why am I now being asked for my personal information when you never asked for it in the past?
We are committed to protecting your personal information and complying with laws and regulations Federal law requires us to report currency (cash or coin) transactions conducted by, or on behalf of, one person, that aggregate to be over $10,000 in a single day. To comply with this law, U.S. Bank must obtain personal information about any individual requesting (conducting) cash transactions.
So you're full of shit. Straight from your bank's FAQ. If you are making small deposits that are totaling more than $10,000 then you will be flagged. Otherwise, no.
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STARTING TO LOOK LIKE TO MUCH OXY SWOODY
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DOES HE SHARE
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DOES HE SHARE
DO YOU STALK?
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STARTING TO LOOK LIKE TO MUCH OXY SWOODY
I've never had an issue
He must bank at Walmart and just gave all his personal information to someone who gonna start cashing his disability check.
I get a $10K check every quarter never had an issue depositing it
But I'm baffled your ADW sends you cash then you go to bank to deposit it? Why not have it direct deposited makes no sense def a fable stories has more holes than Swiss cheese
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I've never had an issue
He must bank at Walmart and just gave all his personal information to someone who gonna start cashing his disability check.
I get a $10K check every quarter never had an issue depositing it
But I'm baffled your ADW sends you cash then you go to bank to deposit it? Why not have it direct deposited makes no sense def a fable stories has more holes than Swiss cheese
FACE IT YOUR WIFE IS WATCHING YOUR EVERY MOVE
ISN'T IT OBVIOUS BY NOW?