USA Gvt. to get all details of international money transfers.

Haggisman

Haggisman

Haggisman

Soldato
Joined
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USA bees to eat all details of international honey transfers.

Well, I guess the majority of people completely missed the point and took this as another opportunity to jump on someone to make themselves feel big.

I was merely posting to inform/gauge people's opinions on this, and it's automatically assumed I'm "morally outraged" and sitting crying in the corner about this breach of my human rights.

The heckles of "liar" and "clown" are somewhat ungentlemanly.

It's nice to see this forum is staying consistent in at least something... The decline in quality and community spirit. GG OCUK :rolleyes:
 
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Haggisman said:
Just got this in an email from my bank:
...
Seems like a rather extreme and invasive way of "combating terrorism"

Just wondered what peoples opinions are on it - I would imagine pretty outraged at this ridiculous invasion of privacy. :mad:
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The reason they do it is to feed the data through a modeller which looks for suspicious financial trading. No need to worry imo, they just don't have the manpower to snoop on every single financial transaction. Ultimately if you don't like it then don't route any transactions through the USA :)
 
Haggisman said:
Sorry, you must be right, I guess the multitude of sites with information on this are wrong.
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Read how the system works - when you transfer money to anywhere but the US, the US systems do not get used. SWIFT's systems are in Belgium and in a variety of countries with high usage (e.g. UK).

It is extremely unlikely that the US systems get used at all, unless you transfer money to the US or neighbouring American countries.
 
Yes, I don't want some snooping yank getting his/her dirty paws all over my bank details, with free reign to do whatever he/she wants with them. If you don't mind this, feel free to post you acc number/sort code etc here...
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There is an enormous difference between your transaction details being routed through a statistical modelling system and posting your bank details on a public forum.

You sound like one of these clowns who views everything as an invasion of privacy, yet doesn't actually have a clue what they are talking about, nor the implications of the actual "invasion of privacy", were there one in the first place.
 
Haggisman said:
Yeah, I realise the previous post was an exaggeration, but it's the principle of it, and for the post above, I guess I need to quote myself again, please read it this time:
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And what exactly do you think will happen? Money disappearing from your account? Funny men with sunglasses on following you around?

You are creating a problem where there isn't one.
 
Haggisman said:
Well, I guess the majority of people completely missed the point and took this as another opportunity to jump on someone to make themselves feel big.

I was merely posting to inform/gauge people's opinions on this, and it's automatically assumed I'm "morally outraged" and sitting crying in the corner about this breach of my human rights.

The heckles of "liar" and "clown" are somewhat ungentlemanly.

It's nice to see this forum is staying consistent in at least something... The decline in quality and community spirit. GG OCUK :rolleyes:
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There's over 6.5 billion people on Earth. Not everyone will agree with your opinion all the time. The only way to be heard is to present your opinion and defend it. Throwing the towel in like this is...well...cowardly. Very petty response to some justified criticism IMO.
 
scorza said:
The reason they do it is to feed the data through a modeller which looks for suspicious financial trading. No need to worry imo, they just don't have the manpower to snoop on every single financial transaction. Ultimately if you don't like it then don't route any transactions through the USA :)
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Useful + constructive post

Erm, Swift's HQ is located in Belgium, so I doubt that's true: http://en.wikipedia.org/wiki/Societ...comm unication
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less useful, but still relevant post

If you are that mad about it switch cards
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Have you got something to hide?
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and the rest...
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Useless and pointless wastes of OCUK forum server memory
 
Can I just point this out, this is a quote from my bank:

The USA Government requires that all international transfers processed through the USA be provided with all the transfer details. As all SWIFT payments worldwide are processed through the USA, any SWIFT transfer requested by you will have the full transfer details disclosed to the USA Government. This also applies to TIPANET payments that are sent to the USA.
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I'm sure the bank didn't make that up and that also means switching banks won't help either as every transaction through the USA has to be treated like this.

The email also says that if you want to proceed with one of these transfers you have to agree to this declaration:

'In order to make this payment, personal information relating to the individuals involved in the transfer may be processed for the purposes of:

a) Complying with applicable laws, including without limitation anti-money laundering and anti-terrorism laws and regulations,
And
b) Fighting crime and terrorism,

And disclosure to any Government entity, regulatory authority or to any person we reasonably think necessary for these purposes. This may mean that personal information will be transferred outside the EEA to countries, which do not provide the same level of data protection as the UK.

I agree to the above: Yes/No? (Delete as appropriate)'
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I think it is a bit of a joke that the USA is allowed to see your transactions but there's nothing that can be done about it.
 
Apologies for the thread resurrection, however I've just received a letter from my banks in other countries warning me of this. That in spite of it being EU to EU country and no matter how big the sum of money is they will be sending all the transaction data to the US Government. Why the hell should they get this info? I don't want them to know that I have numerous bank accounts elsewhere, I don't want them to know how much I'm sending, why do they feel it appropriate to invade our personal data in this way?

They have bullied themselves through their own laws and then on our laws to be allowed to see this data. Sure I have nothing to hide, but you don't open your door for strangers to have a look round your house do you? I don't see why I don't have a say on whether or not I mind. I might have to start carrying briefcases of money and depositing them manually instead! :p

How have they managed to get permission for this? I was putting money aside for personal reasons (I don't like to keep all my eggs in one basket) and frankly it might have been a bit naughty the fact that I am accruing interest elsewhere but I didn't want EVERYONE knowing what my plans are (world domination obviously). Yes I know I'm a small fish compared to a lot of the bigger organisations, but surely they are entitled to privacy on how they distribute and handle their cash?
 
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