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News Link • Privacy Rights

U.S. banks fight plan to share information abroad

• Reuters
 A U.S. financial crime agency's plan to let foreign police seek information from American banks is drawing opposition from groups representing U.S. financial institutions.

The proposed rule by the Financial Crimes Enforcement Network (FinCEN), a division of the Treasury Department, would also permit U.S. state and local law enforcement authorities to make similar information-sharing requests of banks.

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