Big Brother
I'm a little disturbed by this...
Spy law to curb hot cash roasted Basically, it's a series of changes to the Financial Transaction Reporting Act that's going to mean that businesses such as real estate agents, jewellers, lawyers, accountants and bookies will have to 'spy' on their clients. According to justice minister Chris Ellison, it's a measure that'll draw small businesses and individuals into The War Against Terrorism(TWAT).
This is all pretty scary stuff. The ongoing threat of an external, faceless enemy is being used to impose draconian measures of control on our population, but in a subtle and gradual fashion. It looks like our governments have finally taken some lessons to heart from history, and have realised that the easiest way to chain a populace is to creep up upon them and wrap them(ever so slowly) in invisible chains of their own fears.
In case the link disappears eventually, here's how it will work(copied from news.com.au)
"
Customer due diligence Service providers will have to verify clients' identity, obtain information on the purpose and intended nature of customers' business dealings, and identify anyone who may benefit. Ongoing due diligence
This includes monitoring of all transactions.
Specific high-level customer due diligence Businesses dealing with "politically exposed persons" or transactions with "countries that do not adequately apply the FATF standards" will have to apply "operational and risk management mechanisms".
PEPs are high-profile foreigners, such as politicians, senior government, judicial or military officials and executives of state-owned corporations.
Financial institutions must investigate any business dealings with non-complying countries "that have no apparent economic, commercial or visibly lawful ends".
Suspicious transaction reportingAgents will need to know enough about the customer to be able to judge when a transaction is suspicious.
Record keepingAgents will have to keep records of customer identity and transactions to provide to law enforcement agencies."
Current Mood:
cynicalCurrent Music: Val Helsing soundtrack