U.S. is going to tighten control over bank operations

U.S. is going to tighten control over bank operations to the maximum block the way of funding international terrorists. As announced on the eve of the government, he prepared the proposal to require U.S. banks to report to the authorities on all transfers of funds abroad and from abroad, regardless of the size of transactions.

According to current rules, like the ITAR-TASS, banks are required to report tax and law enforcement agencies only those transactions that exceed 10 thousand dollars, and store in their own data on transfers in excess of 3 thousand

"The proposed plan seriously help law enforcement agencies in the identification and investigation of transnational organized crime, the multinational drug cartels, terrorist financing and tax evasion" - U.S. Treasury Department spokesman James Frace. According to him, the new proposals will be published in the so-called Federal Register - a collection of official documents of the U.S. government that it was available to the population.

The first reaction of American banks for the Government's initiative has been very cautious. For example, representatives of Bank of America said that the Treasury proposal will be carefully studied and analyzed to determine how they may affect the operation of the bank and its clientele. Meanwhile, social and human rights organizations expressed concern over the fact that the new measures threatens to further encroachment of the state to the private lives of its citizens.