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Customer Identification Regulations That Apply to Banks, Broker Dealers, Trust Companies, Mutual Funds and Other Financial Institutions
On April 30, 2003, the United States Department of the Treasury, the Financial Crimes Enforcement Network and seven other federal financial services regulatory agencies issued final regulations that require banks, savings associations, broker dealers, trust companies, credit unions, mutual funds, futures commission merchants and futures introducing brokers to adopt written customer identification programs (“CIPs”) that will require these institutions to: (1) verify the identity of any person seeking to open an account; (2) maintain records of the information used to verify identity; and (3) consult government known or suspected terrorist lists to determine whether the customer appears on any such list.
Creates a National ID card. After a one-year study period, the Department of Homeland Security will mandate standards for all state driver's licenses, including "biometric ID provisions," which can include your fingerprints, retinal scans, and other biometric identifiers, such as your DNA.
The new high-tech national ID cards will be required for boarding planes, cruise ships, and for driving a car. That means they can be used as Soviet-style internal passports, making anyone deemed "suspect" unable to travel in their own country.
Real ID Act
The REAL ID Act's implications for driver's licenses and ID-cards is detailed in Title II of the Act. Title II of REAL ID—“Improved Security for Driver’s License’ and Personal Identification Cards”—repeals the provisions of a December 2004 law that established a cooperative state-federal process to create federal standards for driver’s licenses and instead directly imposes prescriptive federal driver’s license standards.
After December 31, 2009, "a Federal agency may not accept, for any official purpose, a driver's license or identification card issued by a state to any person unless the state is meeting the requirements" specified in the Real ID Act. States remain free to also issue non-complying licenses and ID's, so long as these have a unique design and a clear statement that they cannot be accepted for any Federal identification purpose.
In addition, the federal Social Security Administration, (42 U.S.C. § 666(28)), requires the States to maintain a new hire directory. Employers would no longer be able to accept, or ultimately hire, bearers of non-compliant documents for employment.
Also, financial institutions are required to assist the Federal Parent Locator Service, ((42 U.S.C. § 666(17)). Financial institutions would require compliant documents from all customers. Bearers of non-compliant documents would be denied financial or banking services.
Originally posted by Shar
I talked to my bank about this the other day and they hushed on it fast.
They said they were not allowed to talk about it.
Basically, when the time comes if your money is locked up in ANY BANK ACCOUNT YOU WON'T BE ABLE TO GET IT.
That goes for any and all your savings, bonds, cds, whatever you think you have you won't have.
Does everyone understand this?
Originally posted by Obliv_au
sounds like the secretary of homeland security can do pretty much what they like according to this little snippet. The Sec' of homeland security decides if states are meeting HIS/HER requirements, they can prevent you entering any buildings THEY determine.
Originally posted by Shar
For one thing look above. Read a couple of post above yours.
For another thing just type in real id act and you'll find all the information you need.
Originally posted by Odium
Firstly: How do you know it exists to fail?
Thirdly: How do you know a North American Union is going to happen?
Originally posted by Odium
Secondly: How do you know it is all part of the N.W.O. ideology?
Originally posted by Odium
You don't think for a moment that such a secret organization would do things so openly and so publically?
Originally posted by Odium
Furthermore, why do they care about controlling you with tags? All tehy need to do is put a camera on every street (face recognition and licenece plate) and then you are done for. Furthermore, this would be a lot easier (and probably cheaper) to put into practice.
Originally posted by jsobecky
I must have missed this. Where is it written that you won't be able to access your money without one of these cards?
Also, financial institutions are required to assist the Federal Parent Locator Service, ((42 U.S.C. § 666(17)). Financial institutions would require compliant documents from all customers. Bearers of non-compliant documents would be denied financial or banking services.
Customer Identification Regulations That Apply to Banks, Broker Dealers, Trust Companies, Mutual Funds and Other Financial Institutions
On April 30, 2003, the United States Department of the Treasury, the Financial Crimes Enforcement Network and seven other federal financial services regulatory agencies issued final regulations that require banks, savings associations, broker dealers, trust companies, credit unions, mutual funds, futures commission merchants and futures introducing brokers to adopt written customer identification programs (“CIPs”) that will require these institutions to: (1) verify the identity of any person seeking to open an account; (2) maintain records of the information used to verify identity; and (3) consult government known or suspected terrorist lists to determine whether the customer appears on any such list.
Originally posted by NineSquared
For now, all DHS is going to do is declare "official purpose" to mean what it means according to the statute - federal buildings, airplanes, and nuclear power plants. They're waiting until 2013 before they decide whether to expand that definition. So let's not get too far ahead of ourselves. Cause to worry, but not cause to panic. If you don't like it, lobby your Congresspersons.
establish procedures requiring that the social security number of any applicant for a professional license, commercial driver's license, recreational license, occupational license, or marriage license be recorded on the application
establish procedures requiring that the social security number of any applicant for a professional license, driver's license, recreational license, occupational license, or marriage license be recorded on the application
Originally posted by DYepes
Excuse us Shar and defcon 5, but that is not part of the Real ID act, it is part of the patriot act. Do not start crossing the two in order to reach an agenda to strikle fear into everyone. The requirements for this section of the Patriot Act can easily be applied without the Real ID act.
Oriiginally posted by defcon5
Right at the top of the page, first post, and also Shar had it at the bottom of the proceeding page. I guess she beat me to the laws by a few minutes.
Covered Customers
Under the final regulations, identification must be verified for:
individuals that are new customers of the institution;
legal entities that are new customers of the institution;
each person named on a joint account; and
the deposit broker (not each subaccount) in the case of brokered deposits.
Under the final regulations, financial institutions do not have to verify identity for:
an existing customer;
another financial institution regulated in the United States; or
signatories on a corporate account.
Covered Accounts
The institution must verify identity for customers that want to open a new “account.” An “account” broadly means a “formal relationship” with a bank or broker dealer to conduct banking business or effect securities transactions, such as:
a deposit account;
a credit or loan account;
a securities account;
a cash management account; and
a safety deposit box service.
An “account” does not include services or products that lack a “formal relationship”:
check-cashing;
wire transfers;
money order or certified check sales; and
accounts acquired from a merger or acquisition.
www.gtlaw.com...
Originally posted by jsobecky
Sorry, but I still don't see it. There are requirements for new customers to provide some ID before opening a new account, but it does not have to be a National ID card. Also, existing customers are exempt from the requirement:
Originally posted by jsobecky
Plus, this deals with the Patriot Act, not the RealID Act. It is a measure designed to stop money laundering.
Originally posted by defcon5
I don’t know about how your bank works, but I am already required to show a State ID whenever I go to the counter to make a transaction. I am sure that I had to show many ID’s to open the account to begin with, though that was so long ago, and I doubt any of these current laws were in effect back then.
The only reason I am OK with using a State ID is because it does not contain Biometric data, and it is not in a Federal Database which will be accessible to other countries, thus making it a world wide system. Once it crosses those two lines, then to me it becomes something that is unacceptable for me to receive, based on my religious beliefs.
Again, the REAL ID Act is the part which ties all these other separate laws together in one style of compliant document, but the Real ID Act does not contain all the laws to which it applies within the wording of the act. I believe that I have already explained that above. So regardless of how many acts it encompasses I still will not be able to do the things listed above unless I submit to a National ID containing Biometric data, now will I?
Originally posted by jsobecky
Having a piece of ID that contains biometric data and is accessible by another country violates your religious beliefs? Really? I find that incredulous.
Originally posted by jsobecky
The REAL ID Act specifies what documentation is valid for federal transactions. It does not, as you imply, mandate the format of what a state finds acceptable. It does not "tie all those separate laws together".
Originally posted by jsobecky
All financial institutions require ID when opening an account. Nothing has changed there.
Up to this point it has been entirely possible to live without a drivers license, folks do it all the time. They either are too old to drive, have lost it from some infraction, are not old enough to have one, and so on. These folks have had no problem living. However can you say its going to be the same way after May 2008-Jan 2009? No you cannot, as it absolutely will not be the same. Everyone will be required to have one of these, from a child to an elderly person, and it makes no difference if they are a driver or not. You must have one, or you cannot interact with the Federal Government. You cannot pay taxes, pay or receive Social Security, retain a Job, interact with a bank, pay your bills, drive a car, utilize public transportation, and so on. How can you say this is the same system we have in place right now, it is obviously not the case.
The state can still issue ID, but it will not be accepted by anyone, especially employers and banks.
Originally posted by DYepes
There is nothing in here that says you need to show your id in order to purchase anything, in which sales tax (to the state) is probably the only tax anyone here pays without having already proven their identity. How do you think you pay your income tax, or property tax?
Originally posted by DYepes
Give me an example of a person that collects SS without having submitted documentation to get it.
Originally posted by DYepes
Show me where it says that public transportation requires you to identify who you are.
Originally posted by DYepes
It will simply be designed to a new set of standards. Any form of identification you are required to submit will still be a State issued identification.
Originally posted by DYepes
What you are doing is listing what already is, and then lumping your fears of what is not and is not written to be together to strike baseless fear into people. I politely and formally request you to stop trying to scare people.
Originally posted by DYepes
The new standards will eventually be enacted, and if you refuse, noone is going to lock you up. Noone is going to behead you, come after you, torture your family or convert you.
Originally posted by DYepes
If we stopped all advances and modernization because some people were afraid of the change they have never experiences, I believe we would still be living in caves, wooden huts, or open fields.