Mr. Chairman, I would simply close by saying every time we have witnessed a terrorist act throughout this world, we can know that they have probably used counterfeit currency to fund their operations. Not only that, but drug smuggling money laundering, gun running, and the corruption of public officials throughout the world.
Discussing the implications of counterfeit currency in relation to terrorism and crime.
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At what point will all this come out--you are saying their religious affiliation, their languages spoken. At what point will it come out?
But in fact in 4 it says, documents sufficient to identify payment processors or merchants or clients that experienced a return rate of 3 percent or greater in any 1-month period.
The program also can deny legitimate merchants access to financial networks they need to survive.
When you give us assurances that you are not going to use this information, like personally identifiable information, all we really have to go on is that in the Federal Register, your agency has asked permission to collect all this…
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