cannabisnews.com: Bank Regulators Scrap Proposed Laundering Rule! Bank Regulators Scrap Proposed Laundering Rule! Posted by FoM on March 24, 1999 at 10:55:39 PT It's been defeated! Source: SF Gate Banking regulators, responding to a deluge of privacy complaints, on Tuesday scrapped proposed rules to fight money laundering that would have demanded the tracking of bank customers' transaction patterns. The ``Know Your Customer'' rules were put out for public comment in December by four federal banking agencies. Since then, the Federal Deposit Insurance Corp. alone has received some 225,000 e-mail messages and letters, nearly all opposing the rules. Isn't this good news? Home Comment Email Register Recent Comments Help Post Comment Name: Optional Password: E-Mail: Subject: Comment: [Please refrain from using profanity in your message] Link URL: Link Title: