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NSA Spies on International Financial Networks

Sep 16 2013, 3:57am CDT | by , in News | Technology News

NSA Spies on Financial Networks

According to the latest news leaked by Edward Snowden, the NSA is actively spying on international payments done by different financial networks around the world. Thus if you have a credit card, you are probably being kept track of by this agency.

The NSA is guilty of another crime and that is spying on anyone via the VISA or SWIFT networks. In a way it was expected that a surveillance agency would go that far in its activities. This is the basic function of an organization that spies on others after all. The NSA’s FTM (Follow the Money) also termed “Tracfin” is meant to dig out information on precisely those people who are dead against the United States. 

Whether they set up political parties that are Anti-American or open up terrorist sleeper cells that act out violently to hurt American interests, the NSA will hunt them down. Therefore, the NSA is keeping an eye on the financial activities of suspects. And its reach extends to those in the European Continent, the Middle East and Africa to boot. 

Incidents of money laundering are especially put under microscopic vision by the NSA. All objectionable acts have a lot of money being siphoned off into them by the bad elements. Balzac said “Behind every great fortune there is always a crime.” Any bank statement which is greater than $10,000 must be brought to the notice of the authorities. 

Behind this effort by the NSA to monitor credit card transactions, and money payments taking place around the world, exists a cautious approach. In order to prevent future enemies of the open society from gaining ground, this curtailment of freedom is a necessary step that has to be taken. 

Source: Spiegel

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