This webinar discusses how banks experiment with digital technologies to detect suspicious transactions. Banks are legally obliged to conduct customer research, monitor transactions and to report transactions that are possibly related to money laundering or terrorist financing to the authorities. Because of the millions of transactions that flow daily through their databases, banks are reliant on digital technologies that filter and monitor their customers. This webinar explores how financial surveillance is characterised by processes of continuous experimentation.
This webinar discusses how Financial Intelligence Units (FIUs) coordinate their operations across distance and difference. FIUs play a pivotal role in financial surveillance. They receive transaction information from commercial actors, mediate this into intelligence, and disseminate it to other security actors. FIUs need to cooperate to follow money trails across borders. However, in practice, they are considerably different organizations adapted to their national environments. This webinar asks how FIUs negate their differences, coordinate their activities, and exchange financial intelligence across the globe. This webinar is the second webinar of the series Money as Security Data: Surveillance, Intelligence Evidence. The series explores ways in which ‘money’ has become security data in the practices of counter-terrorism financing. We show, discuss and critique the digital cultures of financial surveillance and ways in which mundane financial transactions are analyzed, identified, and shared. We discuss how mundane transaction data become understood as ‘intelligence’ that is shared internationally in the context of investigations. We explore how transaction data have the capacity to function as ‘evidence’ before a court of law.