The Financial Surveillance of Americans' Private Data.

Format:

Book

Author/Creator:

Neumann, Shawn S.

Series:

American Political, Economic, and Security Issues Series

Language:

English

Subjects (All):

Privacy, Right of--United States.

Privacy, Right of.

Electronic surveillance--United States.

Electronic surveillance.

Physical Description:

1 online resource (204 pages)

Edition:

1st ed.

Place of Publication:

New York : Nova Science Publishers, Incorporated, 2024.

Summary:

This book examines the financial surveillance practices of the U.S. federal government, focusing on its collaboration with financial institutions to monitor private transactions of American citizens. It highlights cases where such surveillance targeted individuals based on political and religious viewpoints, raising concerns about privacy rights and civil liberties. The book also explores testimonies from government officials and whistleblowers, shedding light on the mechanics of data collection and the role of entities like the Domestic Security Alliance Council. It is intended for readers interested in government oversight, privacy issues, and constitutional rights. Generated by AI.

Contents:

Intro

Contents

Preface

Chapter 1

Hearing on Big Banks Surveilling Americans' Private Financial Data(

Statement of Dr. Jordan Peterson

Testimony of Dr. Jordan Peterson

The Surveillance State

Statement of Brian Knight

Avoiding Misuse of Americans' Financial Records

The Current Regime

Present Allegations and Other Emerging Efforts at Financial Surveillance

Questions About Constitutionality

Reasons for Skepticism

Ideas for Reform

Conclusion

Statement for the Record

Financial Privacy: Limits, Developments, and Ideas for Reform

1. Lack of Sufficient Protection of Customer Privacy

The Erosion of Reporting Thresholds and the Extension of Reporting Requirements

The Emergence of "Third-Party Doctrine"

Opacity and Government Pressure

2. Allegations Involving the Use of Financial Records for Surveillance

3. Areas of Possible Reform

Is the Bank Secrecy Act Vulnerable to Constitutional Challenge Over Post January 6th Data Collection?

Plaintiffs

The Legal Argument

Distinguishing Miller

Privacy

Sensitivity

Necessity

Other Arguments

Headwinds

The Circumstances around the Request

Statement of Jeremy Tedesco

Written Statement of Jeremy Tedesco, Senior Counsel and Senior Vice President of Corporate Engagement Alliance Defending Freedom

De-Banking: Countering Systemic Risks of Political Bias in Financial Services Before the United States House of Representatives Committee on the Judiciary Select Subcommittee on the Weaponization of the Federal Government, March 7, 2024

Hearing on the Weaponization of the Federal Government

Introduction

I. Viewpoint-Based De-Banking is on the Rise

1. Bank of America Closed the Account of Indigenous Advance Ministries.

B. JPMorgan Chase Closed the Account of the National Committee for Religious Freedom

C. Donor Advised Funds Have Screened ADF for Its Advocacy

D. Other Notable Examples of Viewpoint-Based De-Banking

E. De-Banking Is a Bipartisan Concern

II. The Rise in Politicized De-Banking Points to Systemic Censorship Risks in the Financial Industry

A. Financial Institutions Should, and Financial Regulators Must, Respect Free Speech and Religious Freedom

B. Reputational Risk Policies Invite Heckler's Vetoes

C. Bans on "Hate" and "Intolerance" Expressly Target Certain Views

III. Government Regulators and the Censorship Industrial Complex Are Making It Significantly Easier to Weaponize Financial Institutions

A. Government Coercion Is Easy in the Financial Sector Because Regulators Have Pervasive Authority Over Financial Institutions

B. Government Regulators Can and Have Discriminated Against Businesses for Their Views Under the Guise of "Reputational Risk"

1. Operation Choke Point

2. NRA v. Vullo

C. The Censorship Industrial Complex Will Only Accelerate the Risk of De-Banking

D. The Lack of Transparency Inherent in Banking Regulation Enables Financial Institutions to Hide Viewpoint Discrimination

IV. Solutions to Protect Americans from De-Banking

Statement of Norbert Michel

Testimony Before the United States House of Representatives, Committee on the Judiciary, Select Subcommittee on the Weaponization of the Federal Government, Hearing on the Weaponization of the Federal Government

The Controversial Bank Secrecy Act Has Always Endangered Americans' Rights

The BSA/AML Regime Has Been Ineffective

Congress Should Reform the BSA and Reaffirm Americans' Rights

Statement of Michael Fanone.

Testimony of Michael Fanone, Judiciary Committee's Select Subcommittee on the Weaponization of the Federal Government

Chapter 2

Financial Surveillance in the United States:

How Federal Law Enforcement Commandeered Financial Institutions to Spy on Americans(

Interim Staff Report of the Committee on the Judiciary and the Select Subcommittee on the Weaponization of the Federal Government

Executive Summary

Background

The Statutory Framework for Access to Americans' Private Financial Data

A. The Right to Financial Privacy Act

B. Section 314(a) of the USA Patriot Act

C. The Bank Secrecy Act

Financial Surveillance of American Consumers

A. Federal Law Enforcement Used Informal Meetings and Backchannel Discussions with Financial Institutions to Devise the Best Methods for Gathering Americans' Private Financial Information

B. Federal Law Enforcement Circulated Politicized Materials That Evidenced Hostility Towards Conservative Viewpoints and Weaponized Financial Institutions' Databases by Treating Lawful Transactions as Suspicious

Appendix

DVEs May Target Elected Officials and Government Buildings Following Political Shifts

Range of DVE Actors Likely to Pose Increasing Threat at Lawful Protests, Rallies, Demonstrations, etc.

Index

Blank Page.

Notes:

Description based on publisher supplied metadata and other sources.

Part of the metadata in this record was created by AI, based on the text of the resource.

Other Format:

Print version: Neumann, Shawn S. The Financial Surveillance of Americans' Private Data

ISBN:

9798895301982

OCLC:

1478704512