“For whatever reason, JPM has decided that after November 17, 2013, it will halt the use of international wire transfers (saying it would “cancel any international wire transfers, including recurring ones”), but more importantly, limits the cash activity in associated business accounts to only $50,000 per statement cycle. “Cash activity is the combined total of cash deposits made at branches, night drops and ATMs and cash withdrawals made at branches and ATMs.” Why? “These changes will help us more effectively manage the risks involved with these types of transactions.” So… JPM is now engaged in the risk-management of ATM withdrawals?”
http://www.zerohedge.com/news/2013-10-16/creeping-capital-controls-jpmorgan-chase
(Visited 32 times, 1 visits today)
Related posts:
Ukraine Goes Cyprus 2.0, To Tax Deposits Over 100,000 Hryvnia
iGolder Shuts Down, Recommends Using Bitcoin Instead
No Way to Stop 3D Printed Guns, Says Homeland Security.
Bitcoin exchange opens in Hong Kong
The Mises View: "Rejecting War"
The Wiki Weapon
Trace Mayer: Bitcoin Could Be Greatest Bull Market of All Time
Is Japan's Devaluation an Attack on China?
When We Almost Nuked Savannah: The Case of the Missing H-Bomb
Ron Paul's Foreign Policy of Peace Is Central to the Message of Freedom
HBO executive: Rampant piracy of ‘Game of Thrones’ is a ‘compliment’
Oakland Congresswoman Fights Medical Marijuana Crackdown
Blogging about Cops Is Not a Crime – Even If You're on Probation
Justice Department: ATF misplaced 420 million cigarettes in stings
Life in the Emerging American Police State: What’s in Store for 2014?