Subject:
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Re: Federal Reserve Board - "Know Your Customer" Rule
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Newsgroups:
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lugnet.off-topic.debate
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Date:
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Mon, 12 Apr 1999 22:33:24 GMT
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Reply-To:
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lpien@iwantnospamANTISPAM.ctp.com
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Viewed:
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219 times
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Ed Jones wrote:
>
> 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 The proposal has been withdrawn due to "...an unprecedented number of comments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..."
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 such
invasiveness. Note, Ron Paul is a former Libertarian presidential
candidate.
--
Larry Pieniazek http://my.voyager.net/lar
FDIC Know your Customer is wounded, thanks to you, but not dead...
See http://www.defendyourprivacy.com for details
For me: No voyager e-mail please. All snail-mail to Ada, please.
- Posting Binaries to RTL causes flamage... Don't do it, please.
- Stick to the facts when posting about others, please.
- This is a family newsgroup, thanks.
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