Think back 5 years to the case of Eliot Spitzer, who then was Governor of New York and a rising political star. Some said he should run for President, but then Spitzer’s political career came to an end. When the U.S. government found out that Spitzer had been consorting with prostitutes, Governor Spitzer left office [...]
New statistics show that financial surveillance of people by the U.S. Government hit a new record high in 2011. Think it’s about terrorism? Think again: in the same year, financial surveillance for suspected terrorist activity dropped, accounting for just 0.04% of all surveillance cases. [...]
Big Brother is watching your money, and it’s hardly ever to catch those rascally terrorists.
Passed in 2001, the USA PATRIOT Act lowered the bar for government surveillance of Americans’ financial transactions, and American financial institutions have been deputized to assist. Banks now monitor every financial transaction and pass it through a software program [...]
They say we all have something to hide, something about us that we’d rather not have aired in public. Remember Eliot Spitzer, Governor of New York? His political career came to an end after the government collected and analyzed Suspicious Activity Reports. Spitzer’s financial transactions brought his extramarital activity to light. Set aside for the [...]
When the Patriot Act was passed in 2001, the bar above which financial institutions are required to send the U.S. Government “suspicious activity reports” regarding Americans’ financial transactions was dramatically lowered. The Patriot Act also placed new emphasis on the use of financial surveillance to keep track of PEPs. That acronym stands for “politically exposed [...]