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Society for Worldwide Interbank Financial
* Telecommunication (SWIFT), a not-for-profit cooperative. * * This system for transferring foreign exchange deposits and loans began * actual operation in May 1977 and by 1990 had 1,812 members, and connected * 3,049 banks and securities industry participants in eight-four countries. * * In 1993 SWIFT began asking users of its messaging system to include a * purpose of payment in all messages, as well as payers, payees, and * intermediaries. This type of arrangement would allow NSA computers * to use keyword monitoring to scan for any names in which they were * interested. ! FBI Director Louis J. Freeh, Senate Judiciary Committee, June 4, 1997 ! ! NOT THAT LONG AGO, NO ONE PERCEIVED THAT TELEPHONE SYSTEMS COULD BECOME ! UNTAPPABLE, THE NECESSITY FOR STRONG PARTNERSHIPS BETWEEN LOCAL, STATE, ! FEDERAL AND INTERNATIONAL LAW ENFORCEMENT IS MORE URGENT. * Electronic Privacy Information Center, http://www.epic.org * * "As a means of espionage, writs of assistance and general warrants * are but puny instruments of tyranny and oppression when compared * with wiretapping." ---Mr. Justice Brandeis, 277 U.S. 438 (6/4/1928) * * * European Union and FBI launch a global surveillance system * -------- ----- --- --- ------ - ------ |
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