From: Adam <""4thwormcastfromthemolehill\"{at}the field.near
the bridge">

Phil Payne wrote:
> About bloody time we were all free again:
>
> http://www.theregister.co.uk/2006/08/22/terrorist_finance_snoop/
>
> "Swift was keen to keep the Treasury's nose out of its records because its
> clients would not take kindly to having their transactions scrutinised by a
> foreign government.
>
> It managed to persuade the US authorities to have their investigators
> restrained. They agreed they could only take limited batches of data, rather
> than scan the whole lot freely. These batches could then be searched only
> for specific transactions that could be demonstrated to have links to
> terrorism. These searches were to be audited by both Swift and an external
> auditor, Booz Allen."
>
>
SWIFT are screwed & have been trying a PR blitz since news broke that
using the SWIFT system meant giving any sovereign gov with a SWIFT office
oversight of the transaction. One wonders how many US-US transactions have
been monitored by non-US govs.

Adam

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