Obama Administration gives U.S. Spy Agencies Full Access to your Records
According to a story from Reuters, The Obama administration is in the process of giving all U.S. spy agencies full access to a massive database that contains financial data on every American citizen who banks in the country.
As the government’s war on the public ramps up, Treasury Department documents reveal a plan to monitor American Citizens through their financial transactions.
The document from the U.S. Treasury revealed Obama Administration plans that will give intelligence agencies, like the Central Intelligence Agency (CIA) and the National Security Agency (NSA), full access to the Financial Crimes Enforcement Network (FinCEN) database. FinCEN, a bureau of the United States Department of the Treasury, collects and analyzes information about financial transactions and keeps records on anyone who withdrawals more than $5,000 in cash.
By Law, financial institutions that operate in the United States are required to file reports of “suspicious customer activity” when one of their customers withdrawals or deposits a large sum of money. The scary thing about that is almost anything can trigger a Suspicious Activity Report. In fact, according to the governments own rules, any group of transactions totaling $5,000 or more that “is not the sort in which the particular customer would normally be expected to engage” can cause enough suspicion to create a Suspicious Activity Report (SAR).
The SAR is then filed with The Financial Crimes Enforcement Network, which instantly adds you to a Terrorist Watch List. As we’ve reported in the past, the Federal Bureau of Investigation already had access to these records, and has used them to target and completely drain innocent Americans banks accounts with little to no recourse.
These new plans would open this same data to the CIA, NSA, and a host of other American Spy Agencies.
Drones in America, Large purchases of Ammo by the Federal Government, and now spying on your financial transactions; as we’ve asked many times in recent months, who is this enemy that the government seems to be going after? It seems a lot like the average American Citizen to me.