U.S. plans to let spy agencies scour Americans' finances

  • Posted by a hidden member.
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    Mar 27, 2013 10:19 PM GMT
    This is a good Rorschach test to see if people stand for principle or party.

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    Mar 28, 2013 1:17 AM GMT
    southbeach1500 saidIt's Bush's fault.

    Lol, you're so right, in 2 different senses.icon_lol.gif
    http://en.wikipedia.org/wiki/FinCENFinCEN was established by order of the Secretary of the Treasury (Treasury Order Numbered 105–0icon_cool.gif on April 25, 1990. In May 1994, its mission was broadened to include regulatory responsibilities and the Treasury Department's Office of Financial Enforcement (OFE) was merged with FinCEN in October 1994. On September 26, 2002, after Title III of the Patriot Act was passed, Treasury Order 180-01[1] made it an official bureau in the Department of the Treasury.

    OPFinancial institutions file more than 15 million "suspicious activity reports" every year, according to Treasury. Banks, for instance, are required to report all personal cash transactions exceeding $10,000, as well as suspected incidents of money laundering, loan fraud, computer hacking or counterfeiting.

    That probably explains why the FBI has been on my case recently. icon_lol.gif
  • conservativej...

    Posts: 2478

    Mar 28, 2013 9:19 PM GMT
    It's Bush's fault.