[privacy] U.S. May Want More Bank Data

["Fergie" <fergdawg () netzero net>]

Via The L.A. Times.

[snip]

The Bush administration is considering requiring U.S. banks, for the
first time, to inform the government of all their customers'
international wire transfers, regardless of possible terrorist ties, a
Treasury Department official said Tuesday.

Such mandatory reporting would mark a major expansion of the
government's efforts to comb financial data to fight terrorism and
other international crimes. Depending on how the program is structured,
it could mean that banks would be forced to turn over data on millions
of transactions that they are now required to keep secret.

[snip]

More here:
http://www.latimes.com/news/nationworld/nation/la-na-banks12jul12,1,1551288.story

- ferg


--
"Fergie", a.k.a. Paul Ferguson
 Engineering Architecture for the Internet
 fergdawg(at)netzero.net
 ferg's tech blog: http://fergdawg.blogspot.com/

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