6 Dec
2000
6 Dec
'00
12:24 p.m.
On Wed, Dec 06, 2000 at 12:07:57PM -0500, Declan McCullagh wrote:
A minor clarification: The formal proposal known as "Know Your Customer" was withdrawn (see my back articles on that topic). But other regulations in the same vein require banks to require ID.
I'm not a banking law geek, but I believe that there are federal regs in place known as "know your customer" rules which apply to depository institutions like banks, credit unions, etc - the regs which were withdrawn would have required NBFI's (non-bank financial institutions) to comply with similar rules, as they're sometimes used instead of banks to avoid the KYC rules. Or am I thinking of something else? -- Greg Broiles gbroiles@netbox.com PO Box 897 Oakland CA 94604