HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Topics » Economy & Education » Economy (Group) » STOCK MARKET WATCH -- Tue... » Reply #27
Introducing Discussionist: A new forum by the creators of DU

Reply #27


Response to Tansy_Gold (Original post)

Tue Sep 17, 2013, 08:43 AM

27. 'Follow the Money': NSA Monitors Financial World

http://www.spiegel.de/international/world/how-the-nsa-spies-on-international-bank-transactions-a-922430.html

In the summer of 2010, a Middle Eastern businessman wanted to transfer a large sum of money from one country in the region to another. He wanted to send at least $50,000 (€37,500), and he had a very clear idea of how it should be done. The transaction could not be conducted via the United States, and the name of his bank would have to be kept secret -- those were his conditions.

Though the transfer was carried out precisely according to his instructions, it did not go unobserved. The transaction is listed in classified documents compiled by the US intelligence agency NSA that SPIEGEL has seen and that deal with the activities of the United States in the international financial sector. The documents show how comprehensively and effectively the intelligence agency can track global flows of money and store the information in a powerful database developed for this purpose.

"Follow the Money" is the name of the NSA branch that handles these matters. The name is reminiscent of the famous catchphrase by former FBI Associate Director Mark Felt, the whistleblower known as "Deep Throat" who offered the information to Bob Woodward and Carl Bernstein, the Washington Post reporters investigating the Watergate scandal in 1972.

Financial transfers are the "Achilles' heel" of terrorists, as NSA analysts note in an internal report. Additional fields of activity for their "financial intelligence" include tracking down illegal arms deliveries and keeping tabs on the increasingly lucrative domain of cybercrime. Tracing international flows of money could help reveal political crimes, expose acts of genocide and monitor whether sanctions are being respected.

Reply to this post

Back to OP Alert abuse Link to post in-thread

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 41 replies Author Time Post
Tansy_Gold Sep 2013 OP
Demeter Sep 2013 #1
Demeter Sep 2013 #2
Demeter Sep 2013 #3
Demeter Sep 2013 #4
Demeter Sep 2013 #5
Demeter Sep 2013 #6
Demeter Sep 2013 #7
Ghost Dog Sep 2013 #10
AnneD Sep 2013 #28
xchrom Sep 2013 #8
xchrom Sep 2013 #9
xchrom Sep 2013 #11
Demeter Sep 2013 #19
Tansy_Gold Sep 2013 #33
Ghost Dog Sep 2013 #12
xchrom Sep 2013 #13
Demeter Sep 2013 #20
xchrom Sep 2013 #14
xchrom Sep 2013 #15
Demeter Sep 2013 #21
xchrom Sep 2013 #16
Demeter Sep 2013 #22
xchrom Sep 2013 #24
Ghost Dog Sep 2013 #41
xchrom Sep 2013 #17
xchrom Sep 2013 #18
xchrom Sep 2013 #23
Demeter Sep 2013 #25
Demeter Sep 2013 #30
xchrom Sep 2013 #26
LineReply 'Follow the Money': NSA Monitors Financial World
xchrom Sep 2013 #27
AnneD Sep 2013 #29
Demeter Sep 2013 #31
Demeter Sep 2013 #32
Demeter Sep 2013 #36
Demeter Sep 2013 #38
AnneD Sep 2013 #39
Hotler Sep 2013 #40
bread_and_roses Sep 2013 #34
Demeter Sep 2013 #35
Demeter Sep 2013 #37
Please login to view edit histories.