Spy agencies to get access to Americans’ finances

5856mf Spy agencies to get access to Americans’ finances

5856mf Spy agencies to get access to Americans’ finances

The Obama administration will grant spy agencies — the CIA and the NSA — full access to a vast database of financial data belonging to U.S. citizens and individuals who bank in this country, Reuters reported late Wednesday. Up until now only law enforcement agencies have had access to the database, known as FinCEN (the Treasury’s Financial Crimes Enforcement Network). Financial institutions the U.S. have to file regular “suspicious activity” reports to FinCen, including “all personal cash transactions exceeding $10,000, as well as suspected incidents of money laundering, loan fraud, computer hacking or counterfeiting.”The proposal to extend access to FinCen was detailed on a March 4. Treasury document obtained by Reuters. It constitutes a furthering of efforts to centralize the broad monitoring of U.S. citizens on the grounds of counterterror and anti-crime efforts. Reuters noted that privacy advocates have reacted with concern to the proposal, which remains in its early stages:Continue Reading…

Visit link: 

Spy agencies to get access to Americans’ finances

Leave a Reply

Post Navigation

%d bloggers like this:
Donate Bitcoins: 14VqDxDzkhvktP5Q5ejnL4xJHARwbTpfDY
Buy VPN