The Obama administration is drawing up plans to give all
U.S. spy agencies full access to a massive database that contains financial
data on American citizens and others who bank in the country, according to a
Treasury Department document seen by Reuters.
The proposed plan represents a major step by U.S.
intelligence agencies to spot and track down terrorist networks and crime
syndicates by bringing together financial databanks, criminal records and
military intelligence. The plan, which legal experts say is permissible under
U.S. law, is nonetheless likely to trigger intense criticism from privacy
advocates….
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