This act cannot do anything about it, nor does any other — and many have been passed — nor can any government agency responsible for monitoring the probity of financial institutions. These businesses are regulated in some way. They can claim to follow the rules, but they are also able to accumulate large sums of money. Recently, we saw a classical case where people sending money overseas found out after some time that the crooks had kept it all and disappeared, in contrast to a bank which cannot disappear, at least we hope. There is a gap in the regulations.
