https://en.wikipedia.org/wiki/Bank_Secrecy_Act https://en.wikipedia.org/wiki/Bank_Secrecy_Act "A financial institution is not allowed to inform a business or c

https://en.wikipedia.org/wiki/Bank_Secrecy_Act https://en.wikipedia.org/wiki/Bank_Secrecy_Act "A financial institution is not allowed to inform a business or consumer that a SAR [suspicious activity report] is being filed." Laws like this exist in many countries (including my own) that turn banks into agents spying their customers on behalf of the government. Calling it even a "bank secrecy act" is downright cynical. I understand that law enforcement agencies need to be able to go after criminals but I think the balance between freedom and security has been way off for a long time already. That's exactly the reason why Switzerland used to have the strictest bank secrecy laws world wide. It was not to become a safe haven for criminals but to maintain the financial freedom of its citizens.