[vmception]

Correct, I consider that cheap when HSBC subsequently laundered billions of dollars over the following decade after the PATRIOT Act. The same PATRIOT Act that wouldnt have flagged wire transfers the terrorists used even if it existed before 9/11. It's just an opportunistic data collection program on everyone else.

With billions slipping through from any random branch manager at any bank anywhere, how many 9/11s is that? Any time, for any reason, funding secured.

[anonymouse008]

I can't help but see KYC as a means for automated IRS cases. They are swamped and the basic associations from the new datasets are incredibly revealing.

[mrlonglong]

That's because Congress and the Senate out of pure self interest have chosen to restrict the IRS funding for decades. If they had the balls to increase funding I have little doubt they would have found and retrieved taxes rightfully due to the government.