Curious about the Bank Secrecy Act? Or maybe just curious about what
Norbert Michel and I talk about all day at Cato?
Today, we kicked off the Cato Institute's new podcast series by exploring the rise of financial surveillance and the illusion of financial privacy.
https://www.cato.org/multimedia/cato-podcast/illusion-financial-privacy
Followed on nostr:nprofile1qqsx2wyjt6lmvc05rrvv05r5hm3w3t7h0pcpmkyswrpd4ymd2u09tscpvemhxue69uhkv6tvw3jhytnwdaehgu3wwa5kuef0dec82c33wc6h2enedq6xc6m9wdkxw7rcvd3kceecvccxs7np0f5xzaehwfehy6rkvech27r6d5exv6ekx33nwvngwpengdtwxpmr20mzwfhkzerrv9ehg0t5wf6k2qguwaehxw309ahx7um5wgknqvfwvfhkcapwda38xetjwejhyy87u5r. Look forward to listening, and good to have you here.
You might be interested in my latest with nostr:nprofile1qqsxdp2cpe2m9ut65cuuj3v4pqldl6ej3ct44ae4s7a5ukhekquk2ycpzpmhxue69uhkumewwd68ytnrwghszrnhwden5te0dehhxtnvdakz7n0keht. Shine more light.
More awareness is always fantastic! Now we just need to find a way to get the average person to give a damn.
Agreed. I think the biggest challenge is breaking through the illusion of financial privacy. Too many people don't care because they think the system works. And making it even more of an uphill battle, it's hard to put an image to financial surveillance. It's not like police brutality where there are pictures that go viral. Sadly, screenshots of "your account has been frozen" letters do not grab the same attention.
Well said. It’s an invisible force; omnipresent. It’s a hard thing to make tangible.
Thank you for flagging it! I'm looking forward to tuning in. I have it queued up and ready for my commute home later this evening.
We'll listen. However, I assume you're very familiar with the FATF and how the Bank Secrecy Act just is an extension of those global standards.... Or vice versa actually, now that I think about it.
I'll actually have a long report on FATF soon. But you're on to it in the end. After the Bank Secrecy Act was passed in the United States in 1970, the US government started "exporting" these laws to other jurisdictions. It wasn't long before it spread like a plague
OECD, the bric a brac do-it-all of colonization strikes again.
I implement beneficial ownership and fatf recommendations in my country. Anything I can do to help your efforts?
One small thing: if it's not too much trouble, would you mind looking over a draft of my FATF paper when it gets close to the finish line? It's still a ways off, but I'd love to get your perspective on it
Aye sure thing. I'll DM you my email. Let me know if you don't get my DM, been having issues with nostr dms
