Australian Politics Forum - Cash at home gets you into trouble

MeisterEckhart

Gold Member

Offline

Australian Politics

Posts: 16339
Gender: male

Re: Cash at home gets you into trouble
Reply #15 - May 22^nd, 2025 at 5:17pm

Bobby. wrote on May 22^nd, 2025 at 4:53pm:

MeisterEckhart wrote on May 22^nd, 2025 at 4:51pm:

1984 was a study in human nature - our instinct to accumulate status, power and resources - to impose our will on others and treat with extreme prejudice anyone who would challenge our status.

It was not a revelation of anything new, just the old using new technology to achieve the same outcome as before.

Does anyone think Roman imperial rule - Pax Romana - was not equally as brutal and as imposing as Orwell's authoritarian rule of 1984?

[]https://m3.gab.com/media_attachments/8d/91/e2/8d91e263265bedcacc928ad5ea17950a.j
pg[]

Proof that democracies can also be authoritarian.

Trump's endless rants about 'fake news' are another example... and his insistence that only he knows the truth.

Back to top

IP Logged

Bobby. Gold Member Online Australian Politics Posts: 115813 Melbourne Gender:	Re: Cash at home gets you into trouble Reply #16 - May 22^nd, 2025 at 5:20pm Yes even so called democracies:
Back to top	IP Logged

Bobby. Gold Member Online Australian Politics Posts: 115813 Melbourne Gender:	Re: Cash at home gets you into trouble Reply #17 - May 22^nd, 2025 at 5:51pm
Back to top	IP Logged

MeisterEckhart Gold Member Offline Australian Politics Posts: 16339 Gender:	Re: Cash at home gets you into trouble Reply #18 - May 22^nd, 2025 at 5:58pm Bobby. wrote on May 22^nd, 2025 at 5:51pm: []https://m3.gab.com/media_attachments/0f/8e/27/0f8e2774519919370d1e3e8734c7ea2c.j pg[] It was barely fiction when Orwell wrote it... and he would have known that... he was almost executed by Spanish communists - the side he was fighting for.
Back to top	IP Logged

Bobby.

Gold Member

Online

Australian Politics

Posts: 115813
Melbourne
Gender: male

Re: Cash at home gets you into trouble
Reply #19 - May 22^nd, 2025 at 6:15pm

MeisterEckhart wrote on May 22^nd, 2025 at 5:58pm:

Bobby. wrote on May 22^nd, 2025 at 5:51pm:

[]https://m3.gab.com/media_attachments/0f/8e/27/0f8e2774519919370d1e3e8734c7ea2c.j
pg[]

It was barely fiction when Orwell wrote it... and he would have known that... he was almost executed by Spanish communists - the side he was fighting for.

Every Govt in the world is doing it nowadays -

we've never been so surveilled.

Back to top

IP Logged

Aquarius

Senior Member

Offline

Australian Politics

Posts: 431
Northern Beaches
Gender: female

Re: Cash at home gets you into trouble
Reply #20 - May 23^rd, 2025 at 3:10pm

Cash at home gets you into trouble? Not when you're a musso, apparently. Angry

"I don't know how $3 million in cash got in my roof, says John Ibrahim's sister Maha Sayour"

THE sister of Kings Cross identity John Ibrahim had no idea how nearly $3 million was found hidden in the ceiling of her house.

https://www.couriermail.com.au/news/i-dont-know-how-3-million-in-cash-got-in-my-...

ps ... she got let off. Angry

Back to top

IP Logged

Bobby.

Gold Member

Online

Australian Politics

Posts: 115813
Melbourne
Gender: male

Re: Cash at home gets you into trouble
Reply #21 - May 23^rd, 2025 at 5:35pm

Aquarius wrote on May 23^rd, 2025 at 3:10pm:

Cash at home gets you into trouble? Not when you're a musso, apparently. Angry

"I don't know how $3 million in cash got in my roof, says John Ibrahim's sister Maha Sayour"

THE sister of Kings Cross identity John Ibrahim had no idea how nearly $3 million was found hidden in the ceiling of her house.

https://www.couriermail.com.au/news/i-dont-know-how-3-million-in-cash-got-in-my-...

ps ... she got let off. Angry

yes:

https://en.wikipedia.org/wiki/John_Ibrahim

Police allege Ibrahim is a "major organised-crime figure"[1] and
was labelled as the "lifeblood of the drugs industry of Kings Cross"
during the 1995 Wood royal commission.
However, Ibrahim strongly denies this,[2] and has not been convicted of any related crime.

John Ibrahim was born in 1970 in Tripoli, Lebanon,
before emigrating with his family to Australia as a child.

Back to top

IP Logged

Bobby.

Gold Member

Online

Australian Politics

Posts: 115813
Melbourne
Gender: male

Re: Cash at home gets you into trouble
Reply #22 - May 23^rd, 2025 at 5:37pm

Banks demanding ID updates by June 1 — but what’s really behind the push for your private data?

May 18, 2025

We explore not only Australia’s AML/CTF laws and FATCA, but the global architecture enforcing compliance and surveillance through your bank.

This isn’t about protecting you — it’s about protecting them.

We discuss:
• What you’re legally required to provide (and what you’re not)
• Why St.George is leaning so hard on its customers
• Who is pressuring them — AUSTRAC, FATF, the IRS?
• How FATCA & CRS create global data pipelines of financial info
• Why Commonwealth Bank has been asking customers, “Why do you have cash in your home?” (as exposed by Sky News host Liz Storer)

She called it “bizarre” — and she’s right.
This is no longer about anti-money laundering. It’s about control.

We must ask:

Who gave AUSTRAC its authority?
Who gave foreign treaties power over our daily lives?
And who benefits when privacy dies?

This is not advice — this is a call for critical thinking, conversation, and courage.
Let’s walk the lawful path with honour, clarity, and solidarity.

Back to top

IP Logged

MeisterEckhart

Gold Member

Offline

Australian Politics

Posts: 16339
Gender: male

Re: Cash at home gets you into trouble
Reply #23 - May 23^rd, 2025 at 7:46pm

At least with private customers, the banks are asking...

As discussed here before, many bullion dealers in Australia were told by their bank that they would be closing their accounts in 30 days. No discussions were entered into, no chance to explain large transactions, just: 'the bank has decided to end its business relationship with you...'

Back to top

IP Logged

John Smith Gold Member Offline Australian Politics Posts: 78311 Gender:	Re: Cash at home gets you into trouble Reply #24 - May 23^rd, 2025 at 7:55pm MeisterEckhart wrote on May 23^rd, 2025 at 7:46pm: At least with private customers, the banks are asking... they're asking business customers as well
Back to top	Our esteemed leader: I hope that bitch who was running their brothels for them gets raped with a cactus. IP Logged

MeisterEckhart

Gold Member

Offline

Australian Politics

Posts: 16339
Gender: male

Re: Cash at home gets you into trouble
Reply #25 - May 23^rd, 2025 at 8:25pm

John Smith wrote on May 23^rd, 2025 at 7:55pm:

MeisterEckhart wrote on May 23^rd, 2025 at 7:46pm:

At least with private customers, the banks are asking...

they're asking business customers as well Roll Eyes

Not all of them!

Also, what those private customers complaining are not saying is whether they deposited/withdrew large cash transactions or large amounts were electronically deposited into their accounts (e.g. from, say, an inheritance).

AUSTRAC require amounts from $10,000 and above to be reported and requires the banks to ask their customers to formally explain large cash transactions and confirm their identity, employment status, etc...

Yes, it can be argued that 36 years ago, when AUSTRAC was established, $10,000 was a lot of money, and it is likely equivalent to closer to $40,000 today.

Back to top

IP Logged

John Smith Gold Member Offline Australian Politics Posts: 78311 Gender:	Re: Cash at home gets you into trouble Reply #26 - May 23^rd, 2025 at 8:29pm MeisterEckhart wrote on May 23^rd, 2025 at 8:25pm: Not all of them! they don't ask every private account holder either
Back to top	Our esteemed leader: I hope that bitch who was running their brothels for them gets raped with a cactus. IP Logged

MeisterEckhart

Gold Member

Offline

Australian Politics

Posts: 16339
Gender: male

Re: Cash at home gets you into trouble
Reply #27 - May 23^rd, 2025 at 8:35pm

John Smith wrote on May 23^rd, 2025 at 8:29pm:

MeisterEckhart wrote on May 23^rd, 2025 at 8:25pm:

Not all of them!

they don't ask every private account holder either Cheesy

I bet they don't...

Particularly where the bank has enough reason to believe the private customer is doing large transaction cashies, then, say, making so-called structured deposits to get the money back into circulation.

Back to top

IP Logged

Aquarius

Senior Member

Offline

Australian Politics

Posts: 431
Northern Beaches
Gender: female

Re: Cash at home gets you into trouble
Reply #28 - May 24^th, 2025 at 10:38am

Bobby. wrote on May 23^rd, 2025 at 5:35pm:

Aquarius wrote on May 23^rd, 2025 at 3:10pm:

Cash at home gets you into trouble? Not when you're a musso, apparently. Angry

"I don't know how $3 million in cash got in my roof, says John Ibrahim's sister Maha Sayour"

THE sister of Kings Cross identity John Ibrahim had no idea how nearly $3 million was found hidden in the ceiling of her house.

https://www.couriermail.com.au/news/i-dont-know-how-3-million-in-cash-got-in-my-...

ps ... she got let off. Angry

yes:

https://en.wikipedia.org/wiki/John_Ibrahim

Police allege Ibrahim is a "major organised-crime figure"[1] and
was labelled as the "lifeblood of the drugs industry of Kings Cross"
during the 1995 Wood royal commission.
However, Ibrahim strongly denies this,[2] and has not been convicted of any related crime.

John Ibrahim was born in 1970 in Tripoli, Lebanon,
before emigrating with his family to Australia as a child.

They don't call him "Teflon" John for nothing!

Back to top

IP Logged

Bobby. Gold Member Online Australian Politics Posts: 115813 Melbourne Gender:	Re: Cash at home gets you into trouble Reply #29 - May 24^th, 2025 at 10:43am Hi Aqua, why is your gender showing as female?
Back to top	IP Logged