All Your Wire Transfers Are Belong To Us

Sudeban takes one giant step forward to the creation of the Cyber-Surveillance state by ensuring it gets its hands on every single bank transfer anyone makes in Venezuela.


The cyber-surveillance state is quickly coming together: El Estimulo is reporting that the Venezuelan Banking Regulatory Authority (Sudeban) ordered late September that all banks must hand over all the technical information regarding electronic transactions, including the IP addresses involved in any e-operation. Financial institutions must also reveal to Sudeban the identity of all parties involved.

Even if Sudeban has the legal mandate to do so, this measure seems to tighten the State’s grip over the entire financial system even further. In the written request, Sudeban sets out the creation of the AT-37 Transmission Archive, to which all banks must now send every electronic transactions made on a weekly basis, regardless of the sums involved. Banks have delivered  all data regarding operations of Bs. 10,000 or more since 2010.

In a radio interview, local digital expert Marianne Diaz said Sudeban’s latest action is “…part of the government’s crusade against the parallel rate by compiling absurd amounts of personal data…”. The decision violates privacy rights, as it doesn’t involve court warrants of any kind and basically throws the constitutional presumption of innocence under the bus. Not like that’s ever happened before.

An unnamed source told El Estimulo that this kind of information could be highly valuable to criminals. Sudeban says the information will be encrypted. How safe does that make you feel? After all, we’re in the same country where the infamous Tascón list (which made public the identities of who sign for the 2004 recall referendum) is freely sold by street vendors in the streets.


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  1. Castro-Chavista crooks are well versed in surveillance and electronic Mega-Guisos of all sorts. In that sense, they are less “inept” than many people think. Underestimated. Can’t wait till the next funky elections

  2. It goes without saying that high ranking Chavistas are exempt from this reporting requirement. Looks like cash transfers will become more popular from now on.

  3. My understanding is that the Cuban state police were trained up by the East German Stasi, who also advised the Zimbabweans and North Koreans. The Stasi’s surveillance exceeded that of the Gestapo by almost an order of magnitude. So Venezuela’s increasing repression has an impeccable “pedigree”.

  4. The kidnapping industry is alive and well, they don’t need this. They have access on the amount of cash that is in all accounts. The balance is what counts. That is how secuestros express work, they have to know if you have the cash available. Brinco rabioso.


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