“Senate Bill 1241 requires that anyone travelling beyond US borders declare his assets in writing and in detail, plus provide ongoing access to all accounts held by the individual. In essence, it’s providing the government with a license to track your cash, cryptocurrencies, and other assets in perpetuity. Should, at any point, your declaration come into question as to its accuracy, the entirety of those assets could be seized, not just those that were unreported. In addition, you could face a prison sentence of up to five years.”

Read more: http://www.internationalman.com/articles/the-second-half-of-the-pincer

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