Re:Convoy Crackdown – power to freeze bank accounts without ...
by phil21 on Tuesday February 22, 2022 @07:34PM
(#30435951)
> I'm not actually sure how many of it's provisions still stand, but they are a much smaller subset than the massive umbrella of powers initially approved in 2001.
I'd be curious as to how many of those powers simply got spun out into other covering legislation/banking law. I suspect quite a few.
Particularly in the freezing of suspicious funds, AML/KYC, banking secrecy, etc. If anything I think we've ramped up the regulation and lack of due process to 11 more than de-escalated.
It also started expiring (in sections) in 2005, with more and more being sunset through the last 2020 window. I'm not actually sure how many of it's provisions still stand, but they are a much smaller subset than the massive umbrella of powers initially approved in 2001.
It's a harder sell with a small group of noisy Peterbilt drivers in a 30 day window.