Knowing your customer

[Declan McCullagh]

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