Joining a growing chorus of critics, House Banking Committee Chairman Jim Leach is urging banking regulators to revamp the know-your-customer proposal.

The Iowa Republican called the latest anti-laundering plan a "well- intentioned" attempt to crack down on criminals but said it had raised constitutional concerns that the federal government would violate the privacy of bank customers in the process. He suggested changes to better protect individuals as well as lessen the compliance burden on small banks. (See article on page 6.)

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