Bank Asking for Occupation on Withdrawals

It’s tied to money laundering monitoring

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It’s real and needed

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Please explain to me why I need to tell anyone about why i need to use my money however I see fit or any other personal details about myself.

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It’s tied to money laundering monitoring

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Damn- so saying “sales” might not be the best thing to say.

Name of bank?

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Name of bank?

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Small local bank in a rural area

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Its reported to the Financial Crimes Enforcement Network (FinCEN)

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I'm all in favor of this once they address the millions or billions of bribes paid to politicians, NGOs, and other malfeasance.

Up until then I wish the people pretending to care about money laundering would focus on the big fish doing the most damage to public good instead of asking Bob the plumber or Edith the retired woman what they are doing with 5 or 10k in their bank account

Thank Biden and the Bank Secrecy Act. Under the guise of stopping money laundering, they are instead using it against every day Americans. Trust me, banks don't like it either. We've had to hire an extra employee just for all the new regulations and requirements of the last few years. Yet certain banks are apparently allowed to do whatever the hell they want and their investors, depositors get taken care of while smaller banks have to ask permission to piss a drop.

I’ve had large cash deposits after selling a watch or gold or silver and they ask where the money came from. I just troll them and tell them I made it cutting grass over the weekend or selling hamburgers and hotdogs out of a food cart. There’s nothing they can do. They are just filling out a form required by law.