NSA Spies On International Payments

Posted by samzenpus on Monday September 16, 2013 @12:11AM from the counting-the-money dept.

jones_supa writes "The National Security Agency (NSA) widely monitors international payments, banking and credit card transactions, according to documents seen by SPIEGEL. Information acquired by the former NSA contractor and whistleblower Edward Snowden, show that the spying is conducted by a branch called Follow the Money (FTM). The collected information then flows into the NSA's own financial databank, called Tracfin, which in 2011 contained 180 million records. Some 84 percent of the data is from credit card transactions."

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Re:Pay cash !!!! by Anonymous Coward · 2013-09-16 00:26 · Score: -1, Troll

Cash is fully tracked. When you get bills from an ATM, the serial numbers are noted. When it arrives back at a bank, the serial numbers are noted and the account correlated. So they know where you get your cash, and where you spend it.