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U.S. searching bank transactions
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Contributor | Brandonius Maximus |
Last Edited | Brandonius Maximus Jun 23, 2006 03:15pm |
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Category | News |
News Date | Friday, June 23, 2006 09:00:00 PM UTC0:0 |
Description | WASHINGTON (CNN) - In an effort to track the flow of terrorist money in the wake of the Sept. 11, 2001, attacks, the Treasury Department obtained data from an international cooperative that transmits information between financial institutions worldwide, both the department and the cooperative said.
Speaking at a press conference Friday, Treasury Secretary John Snow insisted the program was "consistent with our democratic values" and "an important source of information about global financial flows."
The Wall Street Journal and The New York Times reported that the records were examined under a series of broad U.S. subpoenas, with the Times reporting that Treasury officials did not seek individual court-approved warrants or subpoenas to examine specific transactions.
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