The Bank Secrecy Act and Financial Privacy

The Bank Secrecy Act was designed to combat money laundering, terrorism, and other criminal activities. In order to detect criminals, financial institutions are required to maintain records on every customer. They must report this information at any time if requested by the government, without the knowledge of the individual in question. What rights should customers have to financial privacy? Is this method the only effective way to combat monetary crimes?
Jennifer J. Schulp is the director of financial regulation studies at the Cato Institute’s Center for Monetary and Financial Alternatives, where she focuses on the regulation of securities and capital markets.
Visit our website - www.RegProject.org - to learn more, view all of our content, and connect with us on social media.
* * * * *
As always, the Federalist Society takes no position on particular legal or public policy issues; all expressions of opinion are those of the speaker.

Пікірлер: 2

  • @andrewcampbell3100
    @andrewcampbell31008 ай бұрын

    So basically the Government knows you...

  • @pauldavid8119
    @pauldavid81195 ай бұрын

    Please alert the persons of the public entities, that contracted & accepted the responsibility of being Surety of the US debt. Make our Proclamation to be one of the people, a private non-US citizen, a state National & domiciled in the State of Florida (or the state you live). Teach us to set up a private bank account without Social Security number. You do not need a S.S.# to be secure and become self alliant. Without enslaving your children to a debt, we allowed someone to spend. No one has a Elohim(God)-given right to vote in men that make it legal to steal from your neighbors or our children. There's only one law-giver of Justice, and everyone must choose who they shall serve, follow the Creator of righteousness or follow the laws of men. Can a people follow to different law-givers? Daniel & his 3-friends chose not follow the laws of men, as soon as they varied from the law of righteousness!! Please Choose to do like the wise !!