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  1. #1
    Registered User Semi Pro Member
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    Anonymity with Prepaid Cards May Be a Thing of the Past

    The French government in an effort to crack down on extremist financing wants to make the rules more strict on the use of prepaid bank cards. In the U.S., it has long been a way for criminals to sidestep law enforcement.

    Michel Sapin, the Finance Minister of France, says the goal is to limit the use of prepaid cards by extremists for anonymous money transfers.

    He says the user's identity should be checked if they desire to use these cards. The French Govt. disclosed that all of the terrorists in the Paris Nov. 13 attacks used prepaid cards.



    They also know that terrorists are using stolen or fake passports so the ID check will have little effect unless the retailer will also run the ID through a security check.

    So, will that happen here in the U.S.? I think it will become a law. Our country loves regulating so it seems like a given.

    Local Law Enforcement has already said this is the preferrred method by criminals and money laundering as well as it being a huge problem for tax fraud.

    It is a no-brainer to me if you want to decrease crime by white-collar criminals and possible terrorists.

  2. Anonymity with Prepaid Cards May Be a Thing of the Past
  3. #2
    Registered User Semi Pro Member
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    I think it will become law here too. Once an attack here happens that injures lots of people, the U.S. will react with laws for more transparency.

  4. #3
    Registered User Pro Member
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    556
    It's a great tool for those who can't keep a checking acct or don't have credentials to open a checking account.

    I think in the interest of national security they will make people buy it with IDs like cigarettes. However, with gift cards from VISA or Mastercard, restaurants, gas, etc...anonymity will remain because it is simply money being transferred to another person.

  5. #4
    Registered User Semi Pro Member
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    327
    Quote Originally Posted by Maria L View Post
    However, with gift cards from VISA or Mastercard, restaurants, gas, etc...anonymity will remain because it is simply money being transferred to another person.
    It should be based on the amount. Large amounts may need to be traced or ID'd in the U.S.

  6. #5
    Registered User Senior Member
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    171
    We just keep finding more and new reasons to cede our liberties and privacy to the "authorities". First is was the war on poverty, then the war on drugs, followed by the war on crime. Thanks to the war on terror, we have ceded even more, and with no actual improvement in security. The politicians and their cronies are out of control greedy and arrogant. They are probably more corrupt than Wall Street.

  7. #6
    Registered User Semi Pro Member
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    284
    James_K,

    All maturing countries become corrupt. In the early 20th century everyone was more community oriented and civil from what I was told, except for the mafia and union leaders.

    Now there is so mo much greed and differences in wealth and poverty it is far from the country that existed 40-50 years ago.

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