The Bank Secrecy Act gives the treasury and FinCEN extremely broad authority to do whatever you think is right from a rulemaking standpoint. And in fact, the power they've been handed to just make rules undergirded by that law from Congress is probably beyond the pale of our constitutional system where we say only Congress makes laws. They can use that power to do almost anything because almost anything as far as surveillance of our financial system could be justified as stopping money laundering or stopping the flow of terrorist funds.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode