PayPal Ordered To Release Customer Records
Online payment service PayPal has been ordered to release its customer records in a federal investigation of money laundering.
San Francisco Chronicle reported, a federal judge in San Jose, Calif., ruled that PayPal must provide information on subscribers who sent money to a bank or credit-card account in any of 30 countries from 1999 to the present.
The order came from a request by the Internal Revenue Service, which is cracking down on people trying to hide money overseas.
U.S. District Judge James Ware permitted the summons in February, the Chronicle said. Court documents showed that PayPal was ordered to give up customer records showing account activity and balances.
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