Tuesday, June 27, 2006

NY Times & Bush Admin: 15mins of posing

President Bush is up in arms over the snooping report the New York Times and other media outlets raised on the ’so called secret” bank transactions snooping on US nationals and corporations to check into the sources of those funding groups linked to terrorism.
Its clearly just another issue the Bush administration is stretching bit to improve poll numbers among conservative voters.

[] … The US president has accused US newspapers of hampering the “war on terror” by publishing details of a secret scheme to track money transfers. George W Bush defended the scheme and said the disclosure was “disgraceful”. BBCNEWS … []

But -the entire program is outlined in the reports of governments activities versus terrorism - here :

[] … Financial Action Task Force on Money LaunderingInter-governmental body developing and promoting policies to combat money laundering and terrorist…
www.fatf-gafi.org/ … []

I mean its not spelled out in exact details - but - it goes over the program and is on a public access website. Everyone else in the world has their accounts regularly scrutinized over the sending of funds abroad. Most worry nothing about it unless you have something to hide.

Looking at the media reports you would think some major scoop had been scored by the NY Times when in actuality its al out there in the public domain.

On the side of the white house its a easy way to take a snap at a media outlet over the something that looks almost treason - when in reality its nothing but political posturing to make poll numbers rise among a specific constituency.

So the saga will drag on - they will blister and pucker and act like peacocks for a few weeks.
Bottom line- if the Bush administration feels some law was violated. File charges in court. If the NY Times feels its right were violated- file charges before the supreme court for culpable violations of the constitution - a impeachable offense. Otherwise- you both got the thing you wanted everyone’s attention now we can all go back to sleep and wait for the next ‘pseudo scandal’ to emerge.

1 comment:

MikeCohen-at-large said...

On line news releases on FATF program - what secret? Heck theres a hundred more of these reports online for the Treasury department and others.
The NY Times story did go into more details but the basic concept is nothing new.
read on:

Chairman’s Summary Paris Plenary, 20-23 June 2006 (pdf, 34Kb,English) View long abstract
The FATF continues to examine the issue of further expansion of its membership and is progressing applications for membership received from China, India and the Republic of Korea. China continues to make ...

Nigeria No Longer Considered Non-cooperative in the Fight Against Money Laundering and Terrorist Financing (pdf, 28Kb,English) View long abstract
Today at its Plenary meeting, the Financial Action Task Force (FATF) decided to remove Nigeria from its list of countries and territories that are non co-operative in the international community’s efforts ...

Also available: Le Nigeria n’est désormais plus considéré comme un Pays Non Coopératif dans la Lutte Contre le Blanchiment et le Financement du Terrorisme (pdf, 29Kb,French)

News Release: Mutual Evaluation Report - Sweden (English) View long abstract

News Release: Mutual Evaluation Report - Ireland (English) View long abstract

Chairman's Summary, Cape Town Plenary, 15-17 February 2006 (pdf, 26Kb,English) View long abstract
The FATF and the Eastern and Southern Africa Money Laundering Group (ESAAMLG) hold their first joint Plenary meeting in Cape Town.

Also available: Réunion Plénière, Le Cap, 15-17 Février 2006 - Résumé du Président (pdf, 38Kb,French)

Interpretative Note to SR VIII (Non-Profit Organisations) (pdf, 34Kb,English) View long abstract
Interpretative Note to SR VIII (Non-Profit Organisations) issued at the Cape Town FATF Plenary

Mutual Evaluation Reports 2005-2006 (English) View long abstract

FATF will explore the symbiotic relationship among corruption, money laundering and terrorist financing (pdf, 48Kb,English) View long abstract
Over 400 delegates from 32 jurisdiction and 16 international organisations attended the FATF Plenary meeting held in Paris on 12-14 October. Professor Kader Asmal, of the Republic of South Africa assumed ...

Also available: Le GAFI étudie le lien entre la corruption, le blanchiment d’argent et le financement du terrorisme (pdf, 50Kb,French)

55 Jurisdictions Agree to Fight Money Laundering (pdf, 26Kb,English) View long abstract
The Financial Action Task Force and the Asia/Pacific Group on Money Laundering (APG) held their first joint Plenary meeting in Singapore with a view to better combating money laundering (ML) and terrorist ...

Also available: 55 Pays s’accordent pour lutter contre le blanchiment d’argent (pdf, 24Kb,French)

FATF Welcomes China as an Observer (pdf, 26Kb,English) View long abstract
The Financial Action Task Force (FATF), meeting in Paris from 9 to 11 February 2005, has welcomed for the first time, the People’s Republic of China to attend its Plenary meeting as an observer. Mr. Jean-Louis ...

FATF Annual Report 2004-2005 (pdf, 84Kb,English) View long abstract
In December 2004, the FATF President headed a high level mission to China for the purpose of considering whether it met all of the requirements for observership. The outcome of the mission was successful. ...

Typologies Report 2004-2005 (pdf, 1004Kb,English) View long abstract

Thematic studies of money laundering and terrorist financing methods.

NCCT Annual Report 2004-2005 (Sixth Review) (pdf, 196Kb,English) View long abstract
In order to reduce the vulnerability of the international financial system, increase the worldwide effectiveness of anti-money laundering measures, and recognise the progress made in these areas, in the ...