Senate debates Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill 2007
In Committee
David Johnston WA, Liberal Party, Minister for Justice and Customs
11:32 am
I respect Senator Murray’s concerns on this but the point I made needs to be clear, because Senator Ludwig has this misconception. This is a financial intelligence unit. AUSTRAC is a financial intelligence unit; it data mines for information. It acquires intelligence. It does not prosecute; it does not enforce.
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