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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.
Source
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.
More than 25,000 financial firms - including banks, securities dealers, casinos, and money and wire transfer agencies - routinely file "suspicious activity reports" to FinCEN. The requirements for filing are so strict that banks often over-report, so they cannot be accused of failing to disclose activity that later proves questionable. This over-reporting raises the possibility that the financial details of ordinary citizens could wind up in the hands of spy agencies.
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.
"One of the real pushes from the civil liberties community has been to move away from collection restrictions on the front end and put more limits on what the government can do once it has the information," he said.
Originally posted by tinhattribunal
helping them look for patterns
there gonna see alot this ...
Buying Ammo online with a card? You might be a terrorist. Purchased 1000 rounds you are a likely terrorist.
Originally posted by Golf66
Originally posted by tinhattribunal
helping them look for patterns
there gonna see alot this ...
If they look in my bank account on the 30th that is exactly what they will see. Burried on the property in PVC tubes is another story all together....
Originally posted by Yngvarr
What exactly is considered a terrorist organization or a criminal syndicate I wonder?
Originally posted by olaru12
reply to post by Wrabbit2000
Why weren't all you diehard conservatives concerned about all this BS when Bush was in office and instituted the patriot act.
That's where all this **** stems from and the neocon Obama has fallen right in line! A bit late now eh?
Those of us that did express our concerns were labeled unpatriotic, terrorist sympathizers, commies and people like you and tulip walkers, here on ATS.
I think my sig expresses it quite clearly!edit on 13-3-2013 by olaru12 because: (no reason given)