THEY PASSED IT:Banks Must Report Safe Deposit Box Contents Over $5,000.(Inspections Begin March 1st) скачать в хорошем качестве

THEY PASSED IT:Banks Must Report Safe Deposit Box Contents Over $5,000.(Inspections Begin March 1st)

While you were distracted by headlines and political drama, a new regulation was finalized that fundamentally changes safe deposit box privacy in America. Starting March 1st, banks must report safe deposit box contents exceeding $5,000 to federal authorities. At current gold prices, that threshold is less than two ounces. At current silver prices, it's approximately 67 ounces. A single monster box of silver eagles exceeds the reporting threshold. The regulation establishes a formal inspection protocol. Banks must conduct "periodic contents verification procedures" during box access or lease renewal. If you refuse inspection, the bank must file a Suspicious Activity Report flagging your refusal as potential evidence of money laundering. For boxes exceeding $25,000, annual verification is required. For boxes exceeding $100,000, quarterly reporting is mandatory. The federal government will receive detailed inventories including estimated values, item descriptions, and potentially photographs. In this comprehensive video, I break down exactly what the new regulation requires, who is affected, what the inspection process involves, and what you should do before March 1st to protect your privacy. I explain why this is happening now after decades of failed proposals. I show you the math of what the thresholds mean in practical terms. I reveal where this regulation is heading and what additional requirements are likely coming. Most importantly, I give you actionable steps to take before the March 1st deadline when the new inspection and reporting regime takes effect. ══════════════════════════════════════════════ 📊 IN THIS VIDEO: 🔴 The New Rule: $5,000 threshold triggers federal reporting 🔴 Inspection Protocol: Banks must verify box contents 🔴 Tiered Reporting: $25K annual, $100K quarterly 🔴 What's Collected: Names, SSN, addresses, item descriptions, values 🔴 The Timeline: Inspections begin March 1st 🔴 Future Trajectory: Lower thresholds, mandatory photography 🔴 What To Do: 8 actionable steps before the deadline ══════════════════════════════════════════════ 📌 SOURCES: FinCEN Regulatory Filing 2024-0847 Bank Secrecy Act Reporting Requirements Anti-Money Laundering Act of 2020 Treasury Department Implementation Guidance Banking Industry Compliance Bulletins ══════════════════════════════════════════════ 🔔 SUBSCRIBE: Finance Reality ══════════════════════════════════════════════ ⚠️ DISCLAIMER: This video is for educational and entertainment purposes only. This is not legal, tax, or financial advice. Regulatory requirements are complex and may vary by institution and jurisdiction. Always consult with qualified attorneys, CPAs, or financial professionals before making decisions about asset storage or financial privacy. I am not a licensed attorney, CPA, or financial advisor. ══════════════════════════════════════════════ #safedepositbox #bankreporting #financialprivacy #gold #silver #preciousmetals #financereality