What does the Gramm-Leach-Bliley Act NOT prevent financial institutions from doing?

The Gramm-Leach-Bliley Act (GLBA) addresses the sharing of personal financial information among financial institutions and imposes certain privacy protections for consumers. However, it does not prevent institutions from sharing information that is relevant to preventing or reporting criminal activities, such as those associated with terrorism or money laundering.

Therefore, the sharing of information regarding terrorist acts involving money laundering falls outside the restrictions imposed by the GLBA. Financial institutions are still obligated to report suspicious activities related to potential terrorist financing or money laundering under laws like the Bank Secrecy Act (BSA) and the USA PATRIOT Act. The legislation recognizes the importance of cooperating with law enforcement to combat financial crimes, thereby allowing for the necessary exchange of information in these contexts.

This is in stark contrast to the other options, which reflect the consumer's right to privacy and the limits on information sharing, highlighting the intent of the GLBA to provide safeguards around personal financial information.