[LINK] AMC-CTF guards Australia against $1500 Villains

[Marghanita da Cruz]

Lea de Groot wrote:
> On 27/08/2009, at 10:33 AM, Roger Clarke wrote:
> 
>> I thought the article was relevant because it highlights the way in
>> which financial transaction services providers have been forced to
>> become spies on their customers:
> 
> I'm not certain, but I believe this isn't true.
> Yes, the banks have to do a 100 -point on their customers at the  
> appropriate point (I thought it was when the account was opened!!)
> I am not aware that the information is flowed through to the govt, I  
> understand it is kept internally.
> IIRC from last time I opened an account they don't even take  
> photocopies, they just cite the documents.
> This isn't what I would label 'spying', just confirmation.
> 
> IMHO
> Lea

Your bank should have informed you, and they probably did somewhere
amongst all the advertising mateiral. See:
<http://www.austrac.gov.au/amlctf_compliance_report.html>

Marghanita
-- 
Marghanita da Cruz
http://www.ramin.com.au
Phone: (+61)0414 869202