Not that you would know it from the paltry press coverage, but a host of USA PATRIOT Act provisions related to banking and financial transactions went into effect yesterday.
These provisions, barely sketched in the link above, build on the early '70s Bank Secrecy Act, which is widely considered not simply an end run around the Fourth Amendment but a failure in catching criminals and wrongdoers.
The new laws are the subject of a great cover story in the November issue of Reason, currently on newsstands and in subscriber mailboxes. What are you waiting for? A sub to Reason costs only $15 a year and it's a full month before the latest issue gets posted to the Web site.
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