The requirements of the Anti-Money Laundering/Counter-Terrorism Financing Act came into effect today after continual calls from privacy advocates to scrap the controversial legislation.
The Federal government has announced that its border security portal is now online, triggering the alarm of privacy advocates who believe that poor data quality could lead to cases of mistaken identity.
The Australian Transaction Reports and Analysis Centre (AUSTRAC) is hoping to develop a course specialising in Anti-Money Laundering and Counter-Terrorism Financing laws -- the controversial legislation that requires businesses to gather data on their customers.
A recent court case demonstrates, once again, the dangers of assembling massive police databases and trusting that law enforcement officers with access are paragons of virtue.
Vendors and privacy advocates alike have expressed their reservations over the Anti-Money Laundering and Counter Terrorist Finance Act enacted by Parliament last year, but it appears unlikely that the Labor government will review the legislation.
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