this isn't a gonny habben, it IS a habbening
Banks report customers nearly 2 million times a year, says report
Customers not told why accounts suddenly closed
US banks are reporting customers to authorities as “suspicious” at a rate of nearly two million times a year, says a New York Times report this month.
In 2022 banks filled out approximately 1.8 million suspicious activity reports (SARs) and are on track this year to reach nearly two million again, a 50% increase from 2021. SARs are submitted to the Financial Crime Enforcement Network (FinCen), which then distributes the data among relevant government and law enforcement authorities.
Banks submit SARs for a number of reasons, such as high transaction amounts or wire transactions from high-risk countries. Often the concern is about the source of funds or a “transaction with no apparent economic, business or lawful purpose.”
Other transactions that can trigger a SAR include large cash withdrawals. Since the federal government requires customers to complete a form if they want to withdraw $10,000 or more in cash, banks report customers as suspicious if they withdraw just under that amount.
https://frontline.news/post/banks-report-customers-nearly-2-million-times-a-year-says-report
they must have a few on the Clinton Global Inish.