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Thursday, June 29, 2006

Secret financial monitoring not so secret
Besides the domestic tracking apparently authorized by the Patriot act the Bush administrations super-secret terrorist financial tracking isn't a secret after all.

Apparently they've been talking about it, and bragging, for some time.

"There have been public references to SWIFT before," said Roger Cressey, a senior White House counterterrorism official until 2003. "The White House is overreaching when they say [The New York Times committed] a crime against the war on terror. It has been in the public domain before."

Victor D. Comras , a former US diplomat who oversaw efforts at the United Nations to improve international measures to combat terror financing, said it was common knowledge that worldwide financial transactions were being closely monitored for links to terrorists. "A lot of people were aware that this was going on," said Comras, one of a half-dozen financial experts UN Secretary General Kofi Annan recruited for the task.

"Unless they were pretty dumb, they had to assume" their transactions were being monitored, Comras said of terrorist groups. "We have spent the last four years bragging how effective we have been in tracking terrorist financing."

Indeed, a report that Comras co-authored in 2002 for the UN Security Council specifically mentioned SWIFT as a source of financial information that the United States had tapped into. The system, which handles trillions of dollars in worldwide transactions each day, serves as a main hub for banks and other financial institutions that move money around the world. According to The New York Times, SWIFT executives agreed to give the Treasury Department and the CIA broad access to its database.


So much for NYT and LA Times being traitors and what not. Apparently they didn't need leakers, just google.

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