Debate : 711


Off-Topic / Debate / 711	710 \| 712

Subject:	Federal Reserve Board - "Know Your Customer" Rule
Newsgroups:	lugnet.off-topic.debate
Date:	Mon, 12 Apr 1999 20:08:00 GMT
Viewed:	204 times

There was a discussion, either here or in RTL, about the proposed "Know Your Customer Rule" that was designed to alleviate Money Laundering. The proposal has been withdrawn due to "...an unprecedented number of comments on the proposal from the public, banking organizations, industry trade associations, and members of Congress...[reflecting] public concern over the privacy of information that would be collected and held by financial institutions..."

Message has 2 Replies:

		Re: Federal Reserve Board - "Know Your Customer" Rule
(...) See my sig. 170K of the comments (out of 250K or so, 99+% against) were originated at the site I reference. But the battle is not over, there are plans afoot to do it anyway, rebadged and repackaged. Support Ron Paul's (R-TX) bill preventing (...) (26 years ago, 12-Apr-99, to lugnet.off-topic.debate)

		Re: Federal Reserve Board - "Know Your Customer" Rule
For more information on privacy and the fight to protect it, go to ... (URL) John Birch Society -- Lee Jorgensen, Programmer/Analyst - Bankoe Systems, Inc. mailto:jorgensen@bankoe.moc <-- reverse moc mailto:ljorgensen@uswest.ten <-- reverse ten (26 years ago, 13-Apr-99, to lugnet.off-topic.debate)

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