Privacy First warns House of Representatives of consequences of 'banking dragnet'


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Privacy First believes that in the bill, the government has not heeded the earlier criticisms of the State Council's Advisory Division and the Personal Data Authority. In an explanation of the bill, the minister acknowledged that the effectiveness of joint monitoring of transactions by banks, as included in the bill, has not been conclusively established. The foundation argues that the need for the introduction of the dragnet has not been demonstrated, there is insufficient legal protection for citizens and SMEs, there should be no data analysis and profiling of natural persons, and there should be an independent financial ombudsman to investigate complaints.

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