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Repeal most money laundering regulations

Comment 25th August 2010

Businesses are not the guardians of the country and should not be required to monitor or check the identity of their clients who wish to carry out inherently legal acts.

 

There should be no requirement for companies or citizens to report the legal actions of people to the Government.

 

In fact it should be illegal for anybody to pass the information of a client (or other person with whom they have a fiduciary duty or other client contract) to any person or organisation (inc the State) without a Court Order based upon some evidence of wrongdoing.

Why does this matter?

It is important that we return to a basis of innocent until proven guilty and that business is not coopted/forced to act as the eyes and ears of the State by spying on its clients.

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