Bitcoin Forum

[...] if new rules proposed by the Financial Crimes Enforcement Network, or FinCEN, go into effect, the government will [know you transferred money] — along with your name, address, bank account number, and other sensitive financial information.

FinCEN, an agency component of the Department of the Treasury, proposed a set of rules (pdf) that would require banks and money transmitters to report to the government any cross-border electronic funds transfer.

FinCEN estimates it will receive 750 million reports every year, and the agency wants to keep the data for ten years. Once the reports are filed with FinCEN, other federal law enforcement agencies — the FBI, IRS, ICE, and the DEA — would all have access to the data.

EFF Release:
  http://www.eff.org/deeplinks/2010/12/sending-money-overseas-holidays-government-wants (http://www.eff.org/deeplinks/2010/12/sending-money-overseas-holidays-government-wants)

EFF Comments / Response to Director Freis (PDF):
  https://www.eff.org/files/EFF%20Comment_Cross-Border%20Transmittal%20of%20Funds.pdf (https://www.eff.org/files/EFF%20Comment_Cross-Border%20Transmittal%20of%20Funds.pdf)

Rules proposed by FinCEN (PDF):
  http://edocket.access.gpo.gov/2010/pdf/2010-24417.pdf (http://edocket.access.gpo.gov/2010/pdf/2010-24417.pdf)

Submit Your Comments:
  http://www.regulations.gov/#!submitComment;D=FINCEN-2010-0002-0001 (http://www.regulations.gov/#!submitComment;D=FINCEN-2010-0002-0001)

Donate to EFF with Bitcoin:  https://www.eff.org/helpout (https://www.eff.org/helpout)

Yet another reason for using Bitcoin (via encrypted connections).

They always need MOAR power to solve crime! Of course, all that does is change the criminal's method of "money laundering".

MOAR power to solve the crime - and crime remains. Wars happen, corruption, everything