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The Digital Age Demands Robust Financial Privacy

Cato Podcast

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The Bank Secrecy Act and the Financial Crimes Enforcement Network

The Bank Secrecy Act requires banks to report suspicious transactions over $10,000. The threshold has been rising since the mid-1970s but is now less meaningful than it was in '70s. "What are those reports that the Banksecrecy Act creates? What are they good for?" asks CNN's John Sutter.

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