Potential infringements of financial privacy arise during the tracking of foreign transactions, the development of payment systems that monitor and report on cash transactions and the sharing of financial information with third parties. Governments and other institutions seek access to financial information in order to administer taxes, prevent and identify money laundering, develop credit profiles and, increasingly, for intelligence purposes.
News
12th September 2019
14th November 2013
Examples of Abuse
Want to know how this translate in the real world? Here is the latest example in the news. An official directive from the Pakistani provincial government of Sindh titled "COVID-19 Mobile Registration System for Needy People" describes its use of multiple databases to identify those in need of welfare funds and disburse cash to them by combining taxpayers' data from the Federal Board of
Our Advocacy
Summary
Privacy International submits comments to the FATF consultation on its draft guidance on digital identity.