I wonder if this tracking would soon apply to medical purchases and other controlled substances like vitamins and any organic vegetables outlawed by the FDA.
This FinCen tracking is getting crazy. It drives the bad guys out of the system and lets other agencies use it for purposes far beyond the original intent. And, we Republicans brought it on ourselves. Why can't we go back to the 'ol court order to go after terrorists?
Here we go again, more gubmint meddling in people's financial data under the guise of national security.
More and more oppressive government. It just makes life harder for law-abiding citizens and barely slows down the bad guys, who use a lot of cash-only transactions anyway. Why not try and hang some bad guys for heinous crimes? That would STOP some of the evil activity. Oops ... that's too easy.
Gee, both of those, eh?
This is going to raise ATM fees.
"Know your customer" rearing its ugly head again?
the recommendation by an international group of financial authorities known as the Financial Action Task Force. That group, which encourages international cooperation to fight money laundering and terrorist financing, has recommended setting a threshold of no more than $1,000 above which transactions require recordkeeping of basic information about fund transmittors.
So we have an "international group" that tells our treasury and Fed what to do and they say......okay?
This is BS, just more rules and tracking for honest American citizens under the guise of "fighting terrorism". We are already waaaaaaaaay down the slippery slope people.
Oh, for Pete's sake! How is looking at every little diddly-shit transaction made by ordinary Americans going to help us catch terrorists and drug dealers??? I just cannot understand the surveillance-minded.
PING!
Might as well just stuff it all in a mattress! Sheesh!