Jail time for refusing to comply with mandatory key disclosure hasn’t occurred in the United States yet. But, it’s already happening in jurisdictions such as the UK, where a 33-year-old man was incarcerated for refusing to turn over his decryption keys and a youth was jailed for not disclosing a 50-character encryption password to authorities.Read more »
HSBC provided a conduit for "drug kingpins and rogue nations", according to a US Senate committee investigating money laundering claims at the bank. Its report said suspicious funds from countries including Mexico, Iran and Syria had passed through the bank. The president and chief executive of HSBC Bank USA, Irene Dorner, apologised to the committee for the behaviour which she said deeply regretted. Earlier, HSBC's head of compliance, David Bagley, resigned at the hearing.Read more »
Utah man tries to pay taxes with silver. He's rejected by Utah govt.
What this Ellis says about silver could be more accurately said of that fiat currency he so desires. Read over the comments to this article. It is amusing.Read more »
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