Senate debates

Thursday, 22 March 2007

Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill 2007

In Committee

11:32 am

Photo of David JohnstonDavid Johnston (WA, Liberal Party, Minister for Justice and Customs) Share this | Hansard source

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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