From: Lynford Theobald <telnet12@burgoyne.com> Subject: SNET: [Fwd: [FP] "Anti-government groups" fighting "anti-money laundering" regulation] Date: Sat, 19 Dec 1998 08:10:04 -0700 To: "snetnews@world.std.com" <snetnews@world.std.com> -> SNETNEWS Mailing List This is a multi-part message in MIME format. --------------F27EB234AAECCD21A8C78784 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Keep up the good work. Again we can make it happen if we fight together. LT --------------F27EB234AAECCD21A8C78784 Content-Type: message/rfc822 Content-Disposition: inline Received: by bci for telnet12 (with Cubic Circle's cucipop (v1.21 1997/08/10) Fri Dec 11 20:24:26 1998) X-From_: owner-scan@efga.org Thu Dec 10 21:46:07 1998 Return-Path: <owner-scan@efga.org> Received: from inferno.serversystems.net (inferno.serversystems.net [207.15.209.253]) by burgoyne.com (8.8.7/8.8.6) with ESMTP id VAA23503 for <telnet12@burgoyne.com>; Thu, 10 Dec 1998 21:46:07 -0700 Received: (from majordomo@localhost) by inferno.serversystems.net (8.8.7/8.8.7) id WAA07977 for scan-list.efga; Thu, 10 Dec 1998 22:34:25 -0500 Received: from alpha.airnet.net (page.airnet.net [207.120.51.2]) by inferno.serversystems.net (8.8.7/8.8.7) with ESMTP id WAA07974; Thu, 10 Dec 1998 22:34:23 -0500 Received: from scottmcd (207.242.81.215) by alpha.airnet.net (Worldmail 1.3.167); 10 Dec 1998 21:31:48 -0600 From: "ScanThisNews" <mcdonalds@airnet.net> To: "ScanThisNews Recipients List" <scan@efga.org> Subject: [FP] "Anti-government groups" fighting "anti-money laundering" regulation Date: Thu, 10 Dec 1998 21:33:32 -0600 Message-ID: <000f01be24b7$08034640$d751f2cf@scottmcd> MIME-Version: 1.0 Content-Type: text/plain; charset="iso-8859-1" X-Priority: 3 (Normal) X-MSMail-Priority: Normal X-Mailer: Microsoft Outlook 8.5, Build 4.71.2173.0 X-MimeOLE: Produced By Microsoft MimeOLE V4.72.2106.4 Importance: Normal Sender: owner-scan@efga.org Precedence: bulk Reply-To: owner-scan@efga.org X-Web-Site: http://www.efga.org/ X-Mail-List-Info: http://efga.org/about/maillist/ X-SCAN: http://www.networkusa.org/fingerprint.shtml Content-Transfer-Encoding: quoted-printable X-MIME-Autoconverted: from 8bit to quoted-printable by burgoyne.com id IAA15087 =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D SCAN THIS NEWS 12/10/98 ---------------------- New anti-money laundering rules spark big protest on bank privacy 5.26 p.m. ET (2226 GMT) December 10, 1998 By Marcy Gordon,=A0Associated Press WASHINGTON (AP) =97 Federal regulators are being deluged with thousands o= f e-mail messages from citizens furious about new anti-money laundering rul= es that they view as an invasion of privacy. As a visible symbol of the federal government with a plaque in every bank branch, the Federal Deposit Insurance Corp. has become a magnet for consumers' anger over the proposed rules. But regulators at other federal banking agencies also reported Thursday t= hey had received many protesting e-mails, letters and telephone calls =97 som= e of them apparently instigated by anti-government groups. The ire is directed at the proposed regulations, called "Know Your Customer'' rules, that would require banks to verify their customers' identities and know where their money comes from. Banks also would have t= o determine customers' normal pattern of transactions and report any "suspicious'' transactions to law enforcement authorities. The proposal, published Monday in the Federal Register, is designed to combat money laundering techniques used by drug traffickers and other criminals to hide illegal profits. Laundering includes the use of wire transfers and bank drafts as well as "smurfing,'' the practice of breakin= g down transactions into smaller amounts that don't have to be reported und= er banking laws. The torrent of e-mail, first reported in The Wall Street Journal Thursday= , came as the 90-day public comment period opened for the proposal. It reflects growing anxiety among consumers about banks' use of personal financial data =97 a concern that prompted a top federal regulator to war= n the banking industry this spring that it needs to protect customers' privacy. Someone from Texas wrote, "I am appalled at even the suggestion of such a= n intrusion into our personal lives by the federal government.'' In another message, a Florida doctor told the regulators: "Next you'll ... be implanting (an electronic) chip in newborns at birth so they can be scanned as they walk in any banks as an adult.'' FDIC spokesman David Barr said the agency had received a staggering 2,700 e-mails and letters opposing the proposal. At least some of the angry messages appear to have been inspired by anti-government groups claiming the proposed rules are part of a federal conspiracy aimed at limiting people's constitutional rights, according to the Journal and people close to the situation. Regulators and banking industry officials, who worked together on the new rules, have taken pains to reassure consumers that their privacy would be protected under the changes. "Because of privacy concerns, it is the ... expectation that banks would obtain only that information that is necessary to comply with the rule, a= nd would limit the use of this information to that purpose,'' the Office of = the Comptroller of the Currency, which regulates nationally chartered banks, said in a statement. John Byrne, senior counsel of the American Bankers Association, said, "Jo= e Q. Citizen needs to recognize that there's nothing for him or her to worr= y about.'' comments@foxnews.com =A9 1998, News America Digital Publishing, Inc. d/b/a Fox News Online. -----Original Message----- From: W.G.E.N. [mailto:idzrus@earthlink.net] Sent: Thursday, December 10, 1998 6:30 PM To: idzrus@earthlink.net Subject: NID:"KYC" Feds being deluged with Email protest =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D Don't believe anything you read on the Net unless: 1) you can confirm it with another source, and/or 2) it is consistent with what you already know to be true. =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D Reply to: <fingerprint@networkusa.org> =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D To subscribe to the free Scan This News newsletter, send a message to <majordomo@efga.org> and type "subscribe scan" in the BODY. 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