For example, the CIA obtained access to the Society for Worldwide Interbank Financial Telecommunication (SWIFT) data streams through the Terrorist Finance Tracking Program, but this violated Belgian privacy law. Reporting requirements may not affect Informal value transfer systems (IVTS) the use of which may simply be customary in a culture, and of amounts that would not require reporting if in a conventional financial institution.
The CIA accessed SWIFT data streams through the Terrorist Finance Tracking Program, but this violated Belgian privacy laws. Reporting requirements may not apply to informal value transfer systems (IVTS), which are common in certain cultures and involve amounts that wouldn't require reporting if handled within a traditional financial institution.