The New Role of Banks in Modern Society
Surveillance and Control
DOI:
https://doi.org/10.20525/ijfbs.v12i3.2863Keywords:
Banks, Central Banks, PrivacyAbstract
In the modern world banks are unique. Formally, they are commercial enterprises, but in fact they have a government role, controlling all of the financial activity of the population and organizations. This article examines the roles of banks in the surveillance and pressuring of people that are not usually publicized. There is no political subtext in this article, as the situation described is typical for all countries. The fact that the majority of the examples given are from Russia and the USA simply reflects the experience of the authors. The other important thing to note is that the article describes the ongoing war of “banks against the people,” and the cascade of events is accelerating with nearly every month. And the winner in these intermittent skirmishes is always the same.
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Copyright (c) 2023 Alexey Brudno, Vladimir Arlazarov
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