Eu governments are about to get access to all bank transfers and all communications... Here we go.
 

All in the name of "fighting terroism", the political elite are about to make another HUGE power grab.... And yet again no one will notice.


Europe Demands Access To All SWIFT Data To "Combat Terrorism Funding" | Zero Hedge

Europe Demands Access To All SWIFT Data To "Combat Terrorism Funding"
Submitted by Tyler Durden on 11/23/2015 10:53 -0500

One week ago, we reported, with little surprise, that just days after last Friday's terrorist attack, the European Commission had "implemented strict controls to make it difficult to acquire firearms."

This followed our take from two months ago, predicting with uncanny accuracy the events of November 13, when we said that "as the need to ratchet up the fear factor grows, expect more such reports of asylum seekers who have penetrated deep inside Europe, and whose intentions are to terrorize the public. Expect a few explosions thrown in for good effect" and we added that "since everyone knows by now "not to let a crisis go to waste" the one thing Europe needs is a visceral, tangible crisis, ideally with chilling explosions and innocent casualties. We expect one will be provided on short notice."

We concluded by saying that one should "certainly expect a version of Europe'a Patriot Act to emerge over the next year, when the old continent has its own "September 11" moment, one which will provide the unelected Brussels bureaucrats with even more authoritarian power."

To be sure, the European crackdown on weapons, if only for those who wish to acquire them legally, took even us by surprise: not even we expected such a fast turnaround.

And now that the latest European powergrab has been unleashed "in response to the terrorist threat", of course, just like the US Patriot Act, the time has come to crack down on all other aspects of personal privacy, starting with financial transactions.

On Friday, we previously reported that "Europe Cracks Down On Bitcoin, Virtual Currencies To "Curb Terrorism Funding."

That was the appetizer because today we read, again with little surprise, that "as part of a push to clamp down on the financing of militant groups" French Finance Minister Michel Sapin European said that authorities need to be able to tap into data from the SWIFT bank payments network.

Actually, no. What authorities should do is find out which Swiss and Dutch trading houses are helping the ISIS oil smugglers deliver their oil to the open market, especially since as we reported previously, they already know all the "third parties" involved in this illegal terrorism-funding activity. Of course, this avenue is blocked since pursuing it would reveal just who at the pinnacles of European bureaucratic (and banking) power benefits the most from closing their eyes to the ISIS oil smuggling trade.

Instead, Europe would much rather just have access to the entire pipe of financial transaction data, which of course is precisely what the Patriot Act spawned in the US. In other words, just like the US in the aftermath of 9/11, so too Europe has decided to not let this "crisis" go to waste and is quietly unleashing the biggest expansion of the government appartus in European history.

More from Reuters:

Sapin said that the SWIFT system had two computer servers, one in Europe and one in the United States, but that Europe currently relied on U.S. authorities to collect and analyze the vast amounts of data flowing through it to detect security issues.

"We Europeans don't have the capacity to exploit our own data. I don't think this can carry on this way," Sapin told a news conference. "Since we do not have the means to analyze the data located in Europe, we transfer all of this data to the Americans, who have the capacity to analyze it."

Efforts to curb financing of militant groups have intensified since the attacks in Paris on Nov. 13 by Islamic State-backed gunmen and bombers.

Belgian-based SWIFT, or Society for the Worldwide Interbank Financial Telecommunications, operates services transmitting letters of credit, payments and securities transactions among 9,700 banks in 209 countries.

SWIFT says on its website that it is subject to binding requests to provide the U.S. Treasury with data from its European server "for the purpose of the prevention, investigation, detection or prosecution of terrorism or terrorist financing".

And just like that another prediction has come true: first came the crack down on weapons, and now the crack down on all financial transactions. Next: the NSA opens a European branch to make sure that just like their American peers, everything Europeans do will be forever recorded in some massive database for eternity. Why? "To fight terrorism."




:disgust:Oh crap:mad::(





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Like I said, No one cares....






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I care, but what can one do? Seriously? They don't listen to their constituents. If no attacks happen, they take credit for that. If they do happen, they blame civil liberties.

its because 90 % of people who vote are sheeps:2 cents::2 cents::2 cents:

this all unfolds exactly as predicted by so called 'conspiracy theorists'

Until a nuke goes off around here, the hegelian dialectic won't work again. A sad but true eventuality. Then it will be replaced with a false reality because let's be honest, that's the only move some know.

Hasn't been a problem for me on the USA side of SWIFT for years ...

I am sure the taxman in the EU likes the plan :2 cents:

ACH > Swift :thumbsup

What s the price of a ak47 ?

yes, some do :2 cents:

We are just happy they use lube

Jewish lives. Have you no shame??

Yeah some seriously crazy conspiracy folks posted about this a lot like ten years ago and were called endless amount of names back then.

There is one way to hide your money where the gov't will never find out.

Two words....Bitcoin

Bitcoin is your friend against big brother spying and blatant disregard for your constitutional rights as they spy on you in the name of "fighting terrorism" which is a crock of crap. They have been looking for ways to spy on people for years, the "fighting terrorism" BS is just a cop out for them to use to justify their actions.

I think this is actually a really good policy, not just to stop terrorism.

If you think about it... Jews started WW 2 because they hoarded all that money. Now we have a way to intercept a lot of money surreptitiously and indirectly.
This policy will probably be the sole reason there will not be a WW 3 :2 cents:

...:)

I got nothing to hide. Do you?

Shhh, don't tell him :winkwink:

Commercial secrets

It has ZERO to do with terrorism and will have no impact whatsoever on terrorism. How much do you think terrorism has been reduced by all the powers the NSA and GCHQ now have to hack into your personal data? Zero.

There is a movement towards curbing liberties and privacy all over the world and terrorism is being used as the excuse which governments know will allow them to gain the support of the people because the masses want to know their government is there to protect them (which is total bullshit).

The EU will get this data but bare in mind something. The Chinese currently (Yuan or RMB) is soon to be added to the SDR (as a reserve currency) and China is working on its own version of SWIFT (I think its called CIPS) and one of the policy reasons for them doing this was to increase transaction privacy.

So SWIFT may be observed but there will be more limited access to CIPS transactions when it goes live.

Exclusive: China's international payments system ready, could launch by end-2015 - sources | Reuters

If you have nothing to hide, then you also have nothing of value. Go back to sleep.

My post was sarcasm laced. I'm sure, like any policy, this will be abused.

Bit disappointed in you really.

Are any of these measures going to catch innocent people?

Will we be convicted of send money to our Mum or Dad, or paying a bill?

Will our communications of being late home from work, going to put anyone in jail?

Are they more likely to stop 9/11, 7/7, Spanish train attack, Paris attacks?

We have to catch terrorists every time, they only need to get through a few times. Ask the people in Syria who lose 120 every day if they would like to have more measures to stop terrorists.

It's 2015 not 1966.

US citizens arrested for terrorism.

US terrorist attacks.

European Terrorists Arrests.

European Terrorist Attacks.

To clear up any mistakes, research first. We have to get lucky every time, they need only get lucky 1-10 times.

It's a case of trusting the Government or making it harder for them to protect us. The debate then is over the people elected to be in Government. And that's our responsibility.

https://en.wikipedia.org/wiki/Terror...acking_Program

this shit is going on for years now - the US demands all kind of data (or just takes it if they feel like it), now it's going the other way round

That's exactly the point I was making ie most people are like you and are so completely indoctrinated that they believe all the propaganda. Often, they don't receive their news from sources outside mainstream media.

These measures do absolutely nothing (and it has been proven) to deter or reduce or prevent terrorism. SWIFT is for wire transactions and terrorism doesn't even utilize it much and where it does, they will just switch. This isn't about terrorism at all, its about taxation and monitoring transactions and as was posted previously, with the banning of cash coming into play all payments ultimately becoming electronic.

https://gfy.com/fucking-around-and-pr...-ban-cash.html

It's all a part of the same whole and will do nothing to make us safer but will do everything to increase our enslavement. I use the example of surveillance and loss of privacy because that's the major curb we now endure:

https://reason.com/archives/2015/01/...-and-terrorism

http://www.nytimes.com/2015/11/18/op...rism.html?_r=0

Snowden: Mass surveillance won’t stop terrorism | New York Post

https://www.newamerica.org/internati...op-terrorists/

So if they stopped doing all this shit.You have full privacy and then a couple of your family members got killed in a terrorist act.You would say its ok,I still have my privacy or would you be screaming bloody murder on why didn't know and stop it? I bet the latter.

WRONG. If terrorism is going to happen, terrorism will happen regardless. It makes ZERO difference. I'm 1000% CERTAIN that history will show that everything they did to curb our liberties did nothing to curb terrorism or to make us in any way safer.

However, YOU are living proof that governments need to seize such opportunities because the masses feel much the same way you do. Hence, it is very easy for them to move forward with their agenda when people are fearful.

There is a problem and they can offer the supposed solution ie to make order out of chaos.

When you live in a world with terrorism, this is going to happen. the best way to track and stop them is with the money trail.

So either deal with it, or ask your country to turn a certain part of the world to glass.

I find it absolutely mind boggling that people are so willing to give up their freedoms to a government.

Governments and their policies have caused this "terrorist" mess and people want to give said governments even more power?

To act like they dont know who is funding who is outrageous. Of course they know!

I find it crazy. Simply crazy that citizens of any free country accept the fact the government can spy on them into every which way.

Giving government more and more power is a show that they are capable of taking more and more power. Giving a powerful corrupt organization even more power to supposedly protect you is mind boggling

How do people think that its ok? Its nuts.

So governments want to monitor the flow of money to terrorists.

What 'freedom' is that actually costing YOU.

Other than some vague conspiratorial rant about the man taking your guns n'shit your post is just a load of forum hot air.

What 'freedoms' are you wishing to retain exactly ?

The freedom to send money to ISIS without Uncle Sam finding out ?
Jesus.

So you think folks are crazy for giving up their freedoms. a) What exactly do you expect people to do anyway, and b) I suppose you will be retaining you 'freedoms' whilst the fools willingly hand theirs over ?

:1orglaugh:1orglaugh

Bravo,well said.:thumbsup

Wtf are you even babbling about "guns"? take your ADHD meds and come back to the thread when you are settled down.

"monitor flow of money to the terrorists"

yes because now with these new laws passed terrorists will be saying "WHOOPS YOU GOT ME!!! WE ARE FINISHED! LOOKS LIKE IT'S TIME FOR WESTERN UNION!"

You really think the people who are profiting from this are sending money from:
Joe Smchoe $1,000,000 Bank of America #84848484 > ISIS ACCOUNT #92929292?

are you really THAT fucking stupid you think the money is going from a single entity right into an account in Switzerland marked "ISIS ACCOUNT #92929292". Because with your post you ARE THAT STUPID. and it seems you REALLY DO BELIEVE that it will effect anything.

People profiting millions and probably billions from this have schemes setup so deep it would make your head spin. Have you ever done any international banking? Or do you only have 1 bank account that your mommy opened to put your allowance in at 15? because you sound clueless.

This law does nothing but put up more smoke and mirrors to have further control. You and your fat friend tony can have fun with that. :1orglaugh

:1orglaugh:1orglaugh

lol isis uses kik messenger and sends money to each other using wu, bank transfers and paypal.

yet we have a spy apparatus worth trilliions of dollars and it can't detect them.

this whole bullshit security / prison/ military state should be dismantled by any humans left that are not lobotimized. it's a fucking joke. the collect every email and text in the world yet can't find edward snowden's dick pic in the mountains of data they have collected.

they tried to spy on everyone and failed.

An attack like the one in Paris probalby didnt cost more than 5-10K total.

Lets get real here LOL this has nothing to do with stopping terrorism.

Bitcoin is the same problem as offshore corporations and offshore banks. You can make the money, you can keep it there, but you can't do jack shit with it. You can't amass $500k and pull it out of corporate ATM card and buy a house. You can spend it on whisky and food.

As for surveillance - assuming none of us here are funding terrorism, so unless you are evading taxes (in which case you aren't sending yourself wires from offshores and shit to begin with), then it doesn't really matter if the EU has access to my accounts. Polish authorities already have access to my accounts and it doesn't make a lick of difference.

SWIFT transfers only have sender/recipient banking information and intermediary bank routing information.

They are searching the data for tax evasion and money transfers that are to/from prohibited entities and for AML reasons (anti money laundering). If you are doing any of these things your fucked -- busted. The terrorist angle is just an excuse ...

Yes, it would be possible to associate all the recipients of one sender. Why would that information be used illegally -- in your specific case? To be alarmed you would have to be a ''person of interest.''

So - the question was :

What 'freedom' is that actually costing YOU.

I am not against any government from spying on anyone else if the following can be done...

A yearly release of a public record made for every request for data and the owner of that data allowed to view the information that was seen from that request.

Time and time again, every time we give up privacy info, it is always abused. Think of the implications for a politician to spy on his opponents for personal gain or profit.

If you don't think this is happening now, I would only suggest you do just a little light research of the Stingray-2 for the interception of cell phones. The devices are not tracked and most local law enforcement would even deny having them even though public records show they have received homeland security money to purchase them @ 180k each.

Funny how most of these devices show-up being used in Washington DC and Wall Street areas.

It is all about accountability. They have none. Nobody is even asking for it. Without it, I'm not so enthused to giving my endorsement of a blank check.