How Government Makes Your Bank Spy on You
How Government Makes Your Bank Spy on You
When you open a bank account, do you surrender all rights to your privacy and personal data? Today, the answer is yes. The Bank Secrecy Act of 1970 (BSA) and subsequent amendments mandated that your bank mus…
How Government Makes Your Bank Spy on You
When you open a bank account, do you surrender all rights to your privacy and personal data? Today, the answer is yes. The Bank Secrecy Act of 1970 (BSA) and subsequent amendments mandated that your bank must inform the federal government about any customer’s transactions that they consider suspicious. There were approximately 20 million bank reports of suspicious activity in 2019.