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[FYI] (Fwd) Treasury Department worries about ecash, anonymity
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- Subject: [FYI] (Fwd) Treasury Department worries about ecash, anonymity
- From: "Axel H Horns" <email@example.com>
- Date: Sun, 24 Sep 2000 20:02:12 +0200
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------- Forwarded message follows -------
Date sent: Fri, 22 Sep 2000 21:07:01 -0400
From: Declan McCullagh <firstname.lastname@example.org>
Subject: Treasury Department worries about ecash, anonymity
Feds: Digital Cash Can Thwart Us
by Declan McCullagh (email@example.com)
3:00 a.m. Sep. 22, 2000 PDT
WASHINGTON -- A Treasury Department report warns that technologies
such as the Internet and electronic cash could thwart the federal
government's efforts to conduct surveillance of bank and credit
The internal strategic plan predicts that technology may help law
enforcement by allowing agents to assemble ever-growing databases
of Americans' financial activities, but it can also provide more
anonymity than ever before.
Treasury's Financial Crimes Enforcement Network (FinCEN) prepared
the 36-page document, which was obtained by Wired News.
It says: "The development of new technologies -- such as
electronic cash, electronic purses, Internet or smartcard based
electronic payment systems, and Internet banking -- is increasing
the ability of individuals to rapidly transfer large sums of
money, and could pose a challenge for FinCEN and other law
enforcement agencies combating money laundering."
------- End of forwarded message -------