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[ft-l] FW: Your Bank Wants to Spy On You...
- Subject: [ft-l] FW: Your Bank Wants to Spy On You...
- Date: Fri, 19 Feb 1999 10:50:16 -0500
- Reply-to: email@example.com
I'm participating in an Internet campaign to stop a regulation which would
require your bank to spy on you, and I'd like to invite you to join me.
We now have less than 30 days to contact the FDIC and demand that it kill
its proposed "Know Your Customer" rule. Please forward this e-mail to
everyone you think might be interested, then go to
http://www.defendyourprivacy.com and sign the petition. It will be
submitted directly to the FDIC. Plus, a copy will be sent to your
representative in the U.S. House and to both your U.S. Senators.
The FDIC's Know Your Customer rule would force banks to "monitor" your
checking and savings account and report any "unusual transactions" to the
federal government. This frightening threat to your financial privacy would
force your bank to:
* Discover your "source of funds"
* Determine your "normal and expected
* Report any "suspicious activity" to federal
The government claims it is trying to thwart money launderers and drug
dealers. But what this law will do is turn every bank teller into a
government informer and everyone with a bank account into a criminal
In a free society, the government has no business asking where you get your
money or how you spend it -- and politicians have no right to force your
bank to monitor your account.
But that's exactly what's going to happen, unless we can generate enough
opposition before the FDIC's comment period expires on March 8. Outraged
Americans have already flooded the FDIC with over 16,000 comments against
the Know Your Customer regulation -- but the agency hasn't backed down yet.
Let's keep up the pressure.
Please forward this e-mail to everyone you know who might be interested in
helping, but please don't send it indiscriminately -- spam will only hurt
Then go to http://www.defendyourprivacy.com and sign the petition.
Thank you. <<Your Bank Wants to Spy On You...>>