Increased spy access to Americans' banking data raises privacy concerns

Spy agencies like the CIA and NSA would have access to a database used to fight domestic financial crime under a proposal being drafted by the Obama Administration.

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The database, among other things, catalogs bank deposits of $10,000 or more made by American citizens and anyone else doing business with a U.S. bank.

Opening up the federal database, known as the Financial Crimes Enforcement Network (FinCEN), to more government eyes would be a mistake, said J . Bradley Jansen, director of the Center for Financial Privacy and Human Rights (CFPHR) in Washington, D.C.

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