AUSTRAC radar when transacting with site sponsors & online sellers

[Guest]

Thats why i melt all my gold and silver coins and turn them into boat hand railings.ARRGH

Godammit!!

Administration please delete..

 

[Yippe-Ki-Ya]

I thought I'd add an anecdote I have of an experience I had with AUSTRAC. Some time ago, I was sent 10k from someone in the UK. It was an entirely legal and legitimate transfer of money into my bank account from a UK bank account. However, the money took over 2 weeks (from the time it left the UK bank account to reach mine). Naturally, when it didn't arrive in my bank account after a few days, I became concerned. Neither bank had the money, so where was it? After many phone calls, my bank told me the Australian government had frozen the money and to call AUSTRAC. When I phoned AUSTRAC they told me that they had no idea where the money was but it's disappearance certainly had nothing to do with them as they never freeze or confiscate money ... Well, I had just about given up hope when the money finally appeared in my account. That experience made me realize that the Australian government can make money disappear into thin air ... Fortunately in my case it reappeared again.

+ 1

I think this speaks volumes

 

[Guest]

I thought I'd add an anecdote I have of an experience I had with AUSTRAC. Some time ago, I was sent 10k from someone in the UK. It was an entirely legal and legitimate transfer of money into my bank account from a UK bank account. However, the money took over 2 weeks (from the time it left the UK bank account to reach mine). Naturally, when it didn't arrive in my bank account after a few days, I became concerned. Neither bank had the money, so where was it? After many phone calls, my bank told me the Australian government had frozen the money and to call AUSTRAC. When I phoned AUSTRAC they told me that they had no idea where the money was but it's disappearance certainly had nothing to do with them as they never freeze or confiscate money ... Well, I had just about given up hope when the money finally appeared in my account. That experience made me realize that the Australian government can make money disappear into thin air ... Fortunately in my case it reappeared again.

It's wide spread , if money around the world is consistently 'frozen' then there is a lot of interest being earned around the world around the clock by these criminal institutions.

 

[Supe]

lol - its like the Gestapo days of WW2 ... Aussies can hardly contain themselves to 'dob' each other in to the jackbooted thugs in government...

a really sick mentality

I think it is more that is a genuinely suspicious behaviour ;p

This whole anti-money laundering thing is just a croc of sh1t coverup to enable governments to control every single transaction made by private citizens. its a sick system and i can hardly wait for this whole stinking system to collapse in on itself.

Broseph. Hows the ammo situation? You read like you stack weapons, like you stack silver. PM's covered including lead.

 

[adrenalin]

Neither bank had the money, so where was it? After many phone calls, my bank told me the Australian government had frozen the money and to call AUSTRAC. When I phoned AUSTRAC they told me that they had no idea where the money was but it's disappearance certainly had nothing to do with them as they never freeze or confiscate money

I think one of the banks was BS you. I'm assuming the money at one end or the other had to be converted from pounds to dollars, that adds in some delay, then you have international transfer, which can take longer than normal, so that would explain some of the delay. However, banks sit on transfers as they earn interest on it, so I think the Govt frozen it story was BS, particularly as they blamed it on AUSTRAC which as you found out they don't do. Either your bank just wanted to hold on to the cash for a bit or some person had stuffed up internally by not processing it and instead of taking the blame made up some BS story. That is far more plausible IMO then the "government" being interested in a lousy $10,000.

My girlfriend use to work in a bank.
You won't believe how many mistakes go on behind the counter!
Data entered wrongly, too much money given out, cheques being left around and found hiding in a corner days later, the list goes on!
Alot of human errors happen.