International Counter-Money Laundering Act
Surveillance and Privacy from Government
7/14/2000; 1:36:54 PM 'Introduced in March, the International Counter-Money Laundering Act allows the Treasury Department to require banks to report "suspicious" financial transactions involving other countries. That can happen if the Feds find "any such jurisdiction, institution, or transaction to be of primary money laundering concern."'

'But to opponents, the move toward greater monitoring of Americans sounds a lot like a reprise of the controversial Know Your Customer regulations. That proposal would have required U.S. banks to do extensive, additional surveillance of their customers, but the Clinton administration abandoned the plan after 200,000 irate citizens complained via email.'