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I think this is very important. The fight isn't over yet.
William
> I'm participating in an Internet campaign to repeal regulations from the
> federal government which will force your bank to spy on you, and I'd like
> to invite you to join me.
>
> Please forward this message to any friends, family, co-workers,
> neighbors, or other people you know who may be interested, then go
> to http://www.defendyourprivacy.com and sign the petition. It will be
> submitted directly to your Representative in the U.S. House. Plus, a copy
> will be sent to both your U.S. Senators.
>
> In December 1998, the Federal Deposit Insurance Corporation (FDIC) proposed
> a so-called "Know Your Customer" rule. If enacted, Know Your Customer would
> have required banks to monitor your checking and savings account, and
> report any "unusual transactions" to the federal government. This
> frightening threat to your financial privacy would have forced your bank
> to:
>
> * Discover your source of funds
>
> * Determine your "normal and expected transactions"
>
> * Report any "suspicious activity" to federal investigators
>
> However, in the face of overwhelming public opposition, generated in large
> part by an Internet campaign like this one, the FDIC withdrew their
> proposed Know Your Customer regulation. However, the battle isn't over yet.
>
> It turns out that the Federal Reserve's "Bank Secrecy Act Compliance
> Manual" pressures banks to develop policies similar to Know Your Customer,
> policies that over 88% of banks have begun to implement. After the heat
> dies down, the Federal Reserve Board plans to repackage Know Your Customer
> as "policy guidelines" instead of "regulations".
>
> The government claims it is trying to thwart money launderers and drug
> dealers. But what this law does is turn every bank teller into a government
> informer and everyone with a bank account into a criminal suspect.
>
> In a free society, the government has no business asking where you get your
> money or how you spend it -- and politicians have no right to force your
> bank to monitor your account. Know Your Customer doesn't need to be
> "repackaged" -- it needs to be repealed.
>
> Congressman Ron Paul has introduced the Know Your Customer Sunset Act (HR
> 516) and the Bank Secrecy Sunset Act (HR 518) that together will repeal
> existing Know Your Customer reporting requirements, and prevent any new KYC
> rules from being implemented. Together, these two bills will guarantee that
> our financial privacy will be respected.
>
> Over 250,000 outraged Americans flooded the FDIC with e-mails, letters, and
> faxes during Know Your Customer Round One -- and the FDIC backed down! Now
> we need to make sure Congress finishes the job by passing HR 516 & HR 518.
>
> Let's keep up the pressure!
>
> Please forward this e-mail to everyone you know who might be interested in
> helping. But please don't send it indiscriminately -- spam will only hurt
> our campaign.
>
> Then go to http://www.DefendYourPrivacy.com and sign the
> petition. Thank you.
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air-yb05.mx.aol.com (v59.4) with SMTP; Tue, 27 Apr 1999 08:56:56 -0400 Received: from george.floobin.cx ([137.112.201.125]) by rly-yb05.mx.aol.com (8.8.8/8.8.5/AOL-4.0.0) with ESMTP id IAA19372 for <Ewyatt794@aol.com>; Tue, 27 Apr 1999 08:55:49 -0400 (EDT) Received: from floobin.cx (daemon@localhost [127.0.0.1]) by george.floobin.cx (8.9.1/8.9.1) with SMTP id HAA17620; Tue, 27 Apr 1999 07:56:28 -0500
One of the few good guys in Congress is trying to repeal some "Know Your Customer" laws and has an online petition. Check this out.
<ctrl-alt-b!>
rafuzo@bu.edu
"Let's have a moment of silence to honor me for my brilliant work despite being surrounded by dolts."
Intaxication: The euphoria at receiving a refund check from the IRS, which lasts until you realize it was your money to begin with.
URGENT: New petition for privacy now online!
Our online campaign against the FDIC's proposed "Know Your Customer" rule was an incredible success! More than 250,000 public comments were filed against this assault on financial privacy -- enough to stop it dead in its tracks.
And, more than two-thirds of those comments were generated via http://www.DefendYourPrivacy.com. Thank you!
However, the battle isn't over yet. As you probably have already discovered, the Federal Reserve's Bank Secrecy Act Compliance Manual pressures banks to develop policies similar to Know Your Customer -- policies that over 88% of banks have begun to implement. After the heat dies down, the Federal Reserve Board hopes that they can simply repackage Know Your Customer as "policy guidelines" instead of "regulations".
We can't allow this to happen.
Congressman Ron Paul has introduced two bills that would put an end to Know Your Customer once and for all:
We've launched a new online petition at http://www.DefendYourPrivacy.com to help build public opposition to Know Your Customer and pressure members of Congress to cosponsor HR 516 and HR 518. Like before, people who visit the site can sign an email petition, which will be immediately sent to their U.S. Representative, and their two U.S. Senators.
They can also get additional information about Know Your Customer, The Bank Secrecy Act, HR 516, and HR 518; arrange to forward copies of the letter below to their friends and family; and read press releases and news articles about the regulation and the growing campaign to repeal it.
We need you to do two things right now to make this campaign a success, and persuade members of Congress to cosponsor HR 516 and HR 518:
While it is important that you forward this letter to anyone who might be interested, it is also important that we not engage in indiscriminate spamming. If at all possible, please address each message to the individual you're sending it to and put your name on it.
Thank you for participating!
I'm participating in an Internet campaign to repeal regulations from the federal government which will force your bank to spy on you, and I'd like to invite you to join me.
Please forward this message to any friends, family, co-workers, neighbors, or other people you know who may be interested, then go to http://www.defendyourprivacy.com and sign the petition. It will be submitted directly to your Representative in the U.S. House. Plus, a copy will be sent to both your U.S. Senators.
In December 1998, the Federal Deposit Insurance Corporation (FDIC) proposed a so-called "Know Your Customer" rule. If enacted, Know Your Customer would have required banks to monitor your checking and savings account, and report any "unusual transactions" to the federal government. This frightening threat to your financial privacy would have forced your bank to:
However, in the face of overwhelming public opposition, generated in large part by an Internet campaign like this one, the FDIC withdrew their proposed Know Your Customer regulation. However, the battle isn't over yet.
It turns out that the Federal Reserve's "Bank Secrecy Act Compliance Manual" pressures banks to develop policies similar to Know Your Customer, policies that over 88% of banks have begun to implement. After the heat dies down, the Federal Reserve Board plans to repackage Know Your Customer as "policy guidelines" instead of "regulations".
The government claims it is trying to thwart money launderers and drug dealers. But what this law does is turn every bank teller into a government informer and everyone with a bank account into a criminal suspect.
In a free society, the government has no business asking where you get your money or how you spend it -- and politicians have no right to force your bank to monitor your account. Know Your Customer doesn't need to be "repackaged" -- it needs to be repealed.
Congressman Ron Paul has introduced the Know Your Customer Sunset Act (HR 516) and the Bank Secrecy Sunset Act (HR 518) that together will repeal existing Know Your Customer reporting requirements, and prevent any new KYC rules from being implemented. Together, these two bills will guarantee that our financial privacy will be respected.
Over 250,000 outraged Americans flooded the FDIC with e-mails, letters, and faxes during Know Your Customer Round One -- and the FDIC backed down! Now we need to make sure Congress finishes the job by passing HR 516 & HR 518.
Let's keep up the pressure!
Please forward this e-mail to everyone you know who might be interested in helping. But please don't send it indiscriminately -- spam will only hurt our campaign.
Then go to http://www.DefendYourPrivacy.com and sign the petition. Thank you.
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