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[FYI] (Fwd) FC: Banking with Big Brother

------- Forwarded Message Follows -------
Date:          Thu, 10 Dec 1998 13:21:54 -0500
To:            politech@vorlon.mit.edu
From:          Declan McCullagh <declan@well.com>
Subject:       FC: Banking with Big Brother
Reply-to:      declan@well.com


                     Banking With Big Brother
                     by Declan McCullagh (declan@well.com)

                     9:25 a.m.  10.Dec.98.PST
                     US banks must monitor their customers
                     and alert federal officials to "suspicious"
                     behavior under a government plan that
                     has drawn fire as an Orwellian intrusion
                     into Americans' privacy. 

                     A set of proposed regulations released
                     Monday requires banks to review every
                     customer's "normal and expected
                     transactions" and tip off the IRS and
                     federal law enforcement agencies if the
                     behavior is unusual. 

                     "It turns us into surveillance agents for
                     the government," said John Ehrensperger,
                     compliance director for Atlanta-based
                     Sun Trust Bank. Ehrensperger stressed
                     that he was not speaking on behalf of his


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