Quote:
Originally Posted by KlenTelaris
Bank ATM cannot know who is owner of card and from where is owner of card.Shortly,they cant report to tax service atm withdraws no matter how big they are.
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Not quite accurate - tho true that the ATM knows nothing. The transaction is recorded - number and amount. There is no problem establishing the "owner" of a card - the issuing bank is already known and the card is tied to an account at that issuing bank.
All money movements are subject to monitoring either by the ATM bank and/or the regulatory authority of that bank. It is normal procedure to audit ranges of records or whatever the reg authority decides to do - and it's mandatory for complete transparency and "know your customer" in all transactions around $10K and above. (Since everyone knows that $10K level - they will go below it and check lesser transactions to capture the smartasses who draw less than $10K or instances of eg 10 withdrawals of 1000, in the hope of being below the radar.). No doubts there are other checks - but obviously a regulatory authority is not going to publish their methods.
Won't be specific, but govt agencies have been known to use cards to track the whereabouts of individuals - and they know at the same time that card transaction occurs and the location of the transaction. Obviously they have their own facilties tapped into banking transactions. FinCEN is a classic example where their evidence in court revealed their ability to monitor bank records.
This thread is just too "amateur" - there are perfectly legitimate ways to minimize taxation without resorting to fraud.