Cato Institute Warns of Eroding Financial Privacy Rights Amid Fincen’s New Reporting Rules

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Cato Institute Warns of Eroding Financial Privacy Rights Amid Fincen's New Reporting Rules

The Cato Institute has criticized the Financial Crimes Enforcement Network (FinCEN)’s decision to lower the threshold for currency transaction reports from $10,000 to $200 for US citizens living in 30 ZIP codes in California and Texas. New Level of Financial Surveillance The Cato Institute, a Washington-based libertarian think tank, has criticized FinCEN's decision to lower […]

Source: Cato Institute Warns of Eroding Financial Privacy Rights Amid Fincen's New Reporting Rules