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Title: [2016-08-29] Australia’s Cyber-Intelligence Team to Focus on Financial Threats Post by: trinaldao on August 29, 2016, 02:10:35 AM AUSTRACThe team is intended to specialize in gathering information about financial threats to the country as as an additional way of preventing and managing finance-related cybercrime.
Some threats the team will attempt to prevent include financial fraud, money laundering, and terrorism financing via the Internet. According to Minister Keenan, new technologies have ensured a regularity of new security threats, the most frequent being malicious cyber activities. Keenan also said that the facilitation of financial crime has largely been through the use of fake identities, saying that it is still the most widely-used tool for carrying out terrorism and organized crime. http://bitcoinist.net/australia-fights-financial-threats/ Title: Re: [2016-08-29] Australia’s Cyber-Intelligence Team to Focus on Financial Threats Post by: Das on August 29, 2016, 08:05:34 AM Apart from the Know Your Customer (KYC) policy that will be implemented on all exchanges, the new cyber-intelligence unit might place a ban on coins that are strictly anonymous e.g Monero and all attempts to make bitcoins completely anonymous might be banned in Australia.
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