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To: mabelkitty
But none of those are individual rights - just the course of doing business with private entities.

If a bank refuses to do business with me unless I meet some kind of idiotic requirement under the Patriot Act, then this isn't just a case of doing business with a private entity. Banks are also required to report any transactions in excess of $5,000 to the FBI, which certainly has an impact on anyone doing business with a private entity.

694 posted on 03/25/2003 12:38:36 PM PST by Alberta's Child
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To: Alberta's Child
As with every other business, if you don't want to follow their rules, then they can refuse you service.

I can't get a soda in my 7-11 if I don't wear shoes.
700 posted on 03/25/2003 12:40:56 PM PST by mabelkitty
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To: Alberta's Child
Actually, the $5,000 reporting requirement is two-fold.

Cuts down on money laundering and makes rax reporting more honest.

If you want large stashes of cash around, but don't want the government to know about it, then you have something else going on entirely.

Otherwise, if it is part of a corporation that you operate, you shouldn't have a problem with it.

If you do, then keep it under your mattress.

You don't have a "right" to be protected from having the government find out if your wealth of cash is drug related or not.
702 posted on 03/25/2003 12:43:03 PM PST by mabelkitty
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To: Alberta's Child
Actually, under provisions of the Patriot Act, the "Know your Customer" program that was defeated under Clinton, has been implemented in full.

Every electronic transaction coming into or going out of the bank for every customer is now recorded and made available to the government ... regardless of size.

791 posted on 03/25/2003 3:07:45 PM PST by Jeff Head
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