manxchatterbox Posted July 2, 2006 Share Posted July 2, 2006 Since all US dollar transactions undertaken by bank branches based in the IOM have to be done via a US correspondent bank this must surely be happening so why haven't we heard from the banks as to what info they disclose and who to?? Quote:- The Data Protection Commissioner has expressed concern over reports that the US government is monitoring international banking transactions. Belgian company Swift, which processes money transfers for all the main banks, admitted handing over its financial records to the CIA as part of an effort to track al- Qaeda's finances. The Data Protection Commissioner has said the right to privacy must be balanced against taking action against financing terrorism. The US claims that only transactions by al- Qaeda members are being examined, however, the European Commission insists that handing over of financial data is not covered by EU law. Link to comment Share on other sites More sharing options...
mojomonkey Posted July 2, 2006 Share Posted July 2, 2006 What a strange paranoid world you live in! Link to comment Share on other sites More sharing options...
sarahc Posted July 2, 2006 Share Posted July 2, 2006 Good luck to them if they want to monitor my bank account! In - pay. Out - mortgage etc. Zzzz. Link to comment Share on other sites More sharing options...
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