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17 Sep, 2013

NSA ‘Follow the Money’ branch spied on Visa customers, SWIFT transactions – report — RT News

The NSA has been widely monitoring international banking and credit card transactions, a new report says referencing Edward Snowden’s leak. The agency targeted Visa customers and global financial service SWIFT and created its own money flows database.

Referring to information leaked by Edward Snowden, a former CIA employee and NSA contractor, German Der Spiegel reports that the surveillance was carried out by a branch called “Follow the Money” (FTM).

After the information on transactions was obtained, it was redirected to the NSA’s own financial database, called “Tracfin” According to the leaked documents, in 2011 the database contained 180 million records, with 84 percent of those being credit card transactions details.

Read the rest: NSA ‘Follow the Money’ branch spied on Visa customers, SWIFT transactions – report — RT News.