Posted on 03/13/2013 6:30:59 PM PDT by Evil Slayer
(Reuters) - The Obama administration is drawing up plans to give all U.S. spy agencies full access to a massive database that contains financial data on American citizens and others who bank in the country, according to a Treasury Department document seen by Reuters.
The proposed plan represents a major step by U.S. intelligence agencies to spot and track down terrorist networks and crime syndicates by bringing together financial databanks, criminal records and military intelligence. The plan, which legal experts say is permissible under U.S. law, is nonetheless likely to trigger intense criticism from privacy advocates.
Financial institutions that operate in the United States are required by law to file reports of "suspicious customer activity," such as large money transfers or unusually structured bank accounts, to Treasury's Financial Crimes Enforcement Network (FinCEN).
The Federal Bureau of Investigation already has full access to the database. However, intelligence agencies, such as the Central Intelligence Agency and the National Security Agency, currently have to make case-by-case requests for information to FinCEN.
The Treasury plan would give spy agencies the ability to analyze more raw financial data than they have ever had before, helping them look for patterns that could reveal attack plots or criminal schemes.
The planning document, dated March 4, shows that the proposal is still in its early stages of development, and it is not known when implementation might begin.
Financial institutions file more than 15 million "suspicious activity reports" every year, according to Treasury. Banks, for instance, are required to report all personal cash transactions exceeding $10,000, as well as suspected incidents of money laundering, loan fraud, computer hacking or counterfeiting.
"For these reports to be of value in detecting money laundering, they must be accessible to law enforcement, counter-terrorism agencies, financial regulators, and the intelligence community," said the Treasury
(Excerpt) Read more at reuters.com ...
Elect a socialist?
Sorry —you get a fascist:
Drones, the ammo, the MRAPs, the urban military exercises....IT NEVER ENDS WITH THIS INSECT.
Time to take the money out and put it under the mattress.
FinCen has a LOT more than just SARs and financial records.
about to say the same.
He;s not even a socialist, this man is basically a communist or as you say a fascist.
Is this America anyone with all this homosexuals crap, woman in combat units,, letting illegals go, giving guns to Mexican drug lords, going to sleep as Americans are attacked and lying, not letting the people who survived that attack be asked questions, appointing illegal positions.
The list is endless and now going after the right to self defence.
Then the stupid party sits down for dinner , has a meeting and think he;s a good guy again.
The Obama regime. Taking Nazism to the next level!
checking your 410k for loot, err, I mean, revenue.
I thought American’s finances already had the scours?
Yep. Obamacare will open the doors to your banking information even wider. They are ready to slap liens against you and garnish bank accounts if you don’t obey. The man is the devil incarnate.
Interesting fact: In Luke 10:18, Jesus says, “I beheld Satan as lightning fall from heaven.” KJV. The word for lightning is “baraq” in Hebrew. In Aramaic it’s “beraq. In Hebrew, “bamah” is pronounced “U-bamah” or “O-bamah” and is translated literally as “Lightening from the heights.”
Just perfect. We can’t make a business wire transfer now to some places without it going missing. Missing. By that I mean we send it and find out from the receiver that they didn’t get their money. We trace it and find it has been “held” by the feds. They are waiting to see if someone squawks. Bastards and bastard criminals make us all suspects.
To paraphrase a saying from the Vietnam era, “We have to destroy America in order to save it.”
The terrorists are our own government but the destruction will be just as real.
I’ve always thought 0bama may be the antichrist. Those that are more versed in theology than I am say he is not, but he is as close as I want to see.
Obama isn’t the anti Christ. He is a clown foisted upon us by rich industrialists and the Northeast liberal establishment in order to protect their wealth.
He was raised by communists and taught by criminals. Add in being untouchable because of his race and you have the perfect Manchurian Candidate.
Nothing more, nothing less.
...a massive database that contains financial data on American citizens and others who bank in the country... to spot and track down terrorist networks and crime syndicates by bringing together financial databanks, criminal records and military intelligence.
“U.S. to let spy agencies scour Americans’ finances”
CIA and DIA will kill all commie spies who scour Americans’ finances.
Hmmm.... more than interesting.
And I can still remember the liberals screaming bloody murder over listening in on terrorists calling overseas.
while this admin’s union thugs put their hands in little kids underwear at airports, say they can kill americans with drone strikes anywhere in the world, and now this.
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