'Banking probes may violate privacy, watchdog warns' "Canadaâs financial institutions sometimes report suspicious transactions to a government agency based on little more than a personâs ethnic background, leading to potential rights violations, the countryâs privacy commissioner said" a bankâs suspicious transaction report after a person cashed a government cheque for less than $300, and another reported about a person who deposited a cheque for less than $10K because of the personâs ethnic background and a recent vacation to a âparticular countryâ. " Canadian law requires financial institutions to report transactions or fund transfers of $10K or more, or âsuspicious transactions related to money laundering or terrorist financingâ regardless of their size, according to the report." FINTRAC - Financial Transactions and Reports Analysis Centre of Canada http://www.canada.com/business/fp/Banking+probes+violate+privacy+watchdog+warns/2233106/story.html what's the US and UK fintrac equivalent ?