If we get a Pub Prez in 2016, all these regs will be dumped so fast it will make Dem heads spin.
It was Dubya who signed the Patriot Act and pushed for the capture and snooping of email. Barry just likes it more. Dubya's dumb little brother won't do a thing to lighten the chains around our necks.
Ya think?
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The Bank Secrecy Act of 1970
The Bank Secrecy Act of 1970 (or BSA, or otherwise known as the Currency and Foreign Transactions Reporting Act) requires financial institutions in the United States to assist U.S. government agencies to detect and prevent money laundering.
Specifically, the act requires financial institutions to keep records of cash purchases of negotiable instruments, and file reports of cash purchases of these negotiable instruments of more than $10,000 (daily aggregate amount), and to report suspicious activity that might signify money laundering, tax evasion, or other criminal activities.
http://en.wikipedia.org/wiki/Bank_Secrecy_Act