Oh, and the proposed KYC rules would have required banks to go further than requiring ID (other current rules, as you say, require that) and try to determine source of funds, etc. -Declan

You're thinking of something slightly different. The Fed-Treasury-FDIC action that caused so much fuss would have made "suggested" KYC rules that apply to banks mandatory. Here's the federal register notice abandoning the propsed KYC regs: http://www.politechbot.com/p-00315.html

-Declan