Banks that protect privacy (houses, transfer, law)

[wolamute]

Are there any?

I know all banks are regulated to snoop on their clients for the benefit of the Feds, but which banks will put up a resistance?

I'd like to go with a bank that will put up a fight for my privacy before capitulating right away. Are there any?

If none, what are the banks I should avoid? Which are the ones that call you for details of wire transfers or questions you for withdrawing cash (ever heard of craigslist?)

[Evelinericksson]

I work for a bank regulated by FED but not OCC. I am on the model development team. We use scrambled customer data, which means we don't use or see any personal information. To my knowledge, unless you run into problem with law with some certainty ( bank cannot function as law authority, so we have to be sure before we take action for legal issue), we don't share any personal data with outside institution, even not with internal employee like myself. I am not saying banks are saints but as someone works for one, I personally don't worry about banks sharing individual's information with the FED. Well, data safety in general is whole another thing, like cyber attack. We are even forced to take one no less than 7 conceutive vacation day vacation so people dealing with sensitive data don't memorize anything. This is the same across all bank holding companies.

[jribe]

are you serious? what type of privacy are you asking about? You want to deposit all kinds of cash and make numerous withdrawals without question? Well, no bank is going to do that without large fines. It's called BSA/AML compliance

[jribe]

Originally Posted by Evelinericksson

I work for a bank regulated by FED but not OCC. I am on the model development team. We use scrambled customer data, which means we don't use or see any personal information. To my knowledge, unless you run into problem with law with some certainty ( bank cannot function as law authority, so we have to be sure before we take action for legal issue), we don't share any personal data with outside institution, even not with internal employee like myself. I am not saying banks are saints but as someone works for one, I personally don't worry about banks sharing individual's information with the FED. Well, data safety in general is whole another thing, like cyber attack. We are even forced to take one no less than 7 conceutive vacation day vacation so people dealing with sensitive data don't memorize anything. This is the same across all bank holding companies.

this person is trying to get away from BSA/AML acts - not actually protecting their privacy.

[ssmaster]

Why ?
Are you laundering money from drugs? Prostitution? Illegal Gambling? A child porn business?

[SoCal25]

Best bet would be to ask the FBI which banks give them the most trouble then bank there.

[ssmaster]

Banks in the Cayman Islands are your best bet

[Ruth4Truth]

Originally Posted by wolamute

Are there any?

I know all banks are regulated to snoop on their clients for the benefit of the Feds, but which banks will put up a resistance?

I'd like to go with a bank that will put up a fight for my privacy before capitulating right away. Are there any?

If none, what are the banks I should avoid? Which are the ones that call you for details of wire transfers or questions you for withdrawing cash (ever heard of craigslist?)

um..... Switzerland? What do you need to do that you want to hide from the feds? Withdraw cash? Not an issue. It's Western Union that's required to report excessive wire transfers overseas to the feds.

[wolamute]

It's not about hiding. It's about privacy.

If you don't care about that, why not give me your bank statement? If you wouldn't, why would it be OK for a bunch of bureaucrats?

Also, the 4th amendment says: The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches 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 ...

Call it AML, BSA, or whatever acronym they want, but it's a violation of the 4th amendment and a violation on privacy by force.

[jaypee]

Originally Posted by wolamute

It's not about hiding. It's about privacy.

If you don't care about that, why not give me your bank statement? If you wouldn't, why would it be OK for a bunch of bureaucrats?

Also, the 4th amendment says: The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches 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 ...

Call it AML, BSA, or whatever acronym they want, but it's a violation of the 4th amendment and a violation on privacy by force.

Yeah, no, you'll need to find a better way to launder money.