[AFPhys]

It took me about 40 minutes to open a new savings account for my daughter (8yo) six months ago at a bank I already had another account in her name. They needed the info, essentially, to help in the War on Terrorism.

I am glad that this type of action is being done if it deters even in the slightest those who would fund the worms.

[AGreatPer]

I recently set up an account for my son where he goes to college. I am limited to giving him $10,000 per month (yea right). Tuition is paid direct by me to the college. $10,000 spending money???? Yoe Vey.

I too am glad that they are closing these small but important loop holes in the system. A lot of this money has been filtered by insurgents within our education system.