Augdog1964
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That's the rub... I don't USE BofA, but they control most of the international wires!
Steel Soldiers now has a few new forums, read more about it at: New Munitions Forums!
ITAR (International Traffic in Arms Regulations) and the EAR (Export Administration Regulations) are export control regulations run by different departments of the US Government. Both of them are designed to help ensure that defense related technology does not get into the wrong hands.The OP said that BoA does virtually all the international money wire transfers. How do we know if this is a BoA policy/practice as compared to something imposed on BoA by government regulators (as papabear suggested)? Said another way, how do we know other banks would not have done the exact same thing, if they had the opportunity? I am not sticking up for BoA in any way; rather, I want to look at all sides of the issue before forming an opinion.
Oh boy, here we go, this thread is going south and is going quick.I for one am not ready to relinquish my rights based on someone else's fear and paranoia. The fact that our government has been infringing on our rights more and more every few months is not acceptable nor constitutional.
BOA will never get my business ever. Ever. I refinanced my house to get away from them the month they had bought my loan from another bank. Thugs are what they are.
1) Is this vehicle armored and/or can it have guns fitted to it.
2) Who is the owner of this vehicle.
3) What is the ultimate or intended purpose for owning this vehicle.[QUOTE]
These are "end user" type questions. It's safe to say that our government and big finance are working together to control who gets possession of OD.
Rick
Even a SMART car, a stealth tactical .Heck, *any* vehicle can have guns fitted to it. What kind of end user question is that?
And imagine if you were Muslim...Hello All!
Hey I wanted to relay an issue to you, so you could also warn other vehicle collectors of a huge potential problem.
In early April I wired funds to the UK to pay for shipping of my BRM-1k (a rare BMP-1 variant). This was after the funds for purchase had been wired (which I think was about 2 weeks earlier).
Today, at least 3 weeks later, I get a phone call from my bank saying that Bank of America had held the wire, and was not going to process it until “questions were answered” as it may constitute a violation of their policies.
Mind you, this wire was for shipping of a vehicle, not the vehicle itself.
My bank is NOT Bank of America (nor would it ever be), but when I asked my bank (US Bank) why Bank of America was involved, they said most of the major banks use Bank of America for all International wires out of the US. US Bank does the same. BofA (according to my US Bank person) controls most of the international wire transfers…
SO, they had held my wire until they got answers to their questions… their questions?
1) Is this vehicle armored and/or can it have guns fitted to it.
2) Who is the owner of this vehicle.
3) What is the ultimate or intended purpose for owning this vehicle.
So I answered the questions, and now I wait to see if my shipping wire will go through for my armored vehicle.
I know BofA did similar things with gun shop owners, so now it appears they are extending their noses into vehicles too.
Incredible, that THEIR policy can stop MY money from going overseas, for a legal purpose, that came OUT of an institution that they clear money for.
Pass the word!
Augdog1964