Bank of America is accused in a new lawsuit of illegally sharing data with the law enforcement agencies.
A lawsuit brought by Florida resident Neil Castellon claims that Bank of America operates one of “the most sophisticated data surveillance system in the American Financial Sector and has technological capabilities which would make any 21st century intelligence agency jealous.”
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According to the lawsuit, between January 5th, 2021 and January 7th, 2021, a mob attacked the United States Capitol. Bank of America used their extensive data library to identify people who were present in Washington, D.C. at that time.
The lawsuit claims that BofA illegally passed on the information to law enforcement personnel and agencies.
BoA’s disclosures went far beyond the reporting requirements, and were an unauthorized and illegal dissemination of customer data to law enforcement agencies at federal, state, and local levels.”
The Right to Financial Privacy Act, a federal law protecting customer information from an unwarranted government access through specific disclosure procedures is violated by Bank of America.
The BoA has engaged in data mining beyond the [Suspicious Activity Report] SAR trigger scenarios, resulting in proactive and unreasonable searches and surveillance rather than transaction-based anomaly identification.
BoA has violated the RFPA and unlawfully converted the property of customers, and infringed Plaintiff’s constitutional rights and those of the class members.”
Bank of America has denied the accusations and said it follows all regulatory and law enforcement requests and requirements.
In the lawsuit filed on 5 January, the plaintiff is asking for a jury trial.
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Sources of Images include Pixabay Creative Commons & Midjourney
As new information becomes available, this post Bank of America is accused of conducting a ‘breathtaking’ surveillance on customers and illegally disclosing confidential financial records and personal info may change.
