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Good morning! Lots of talk yesterday about the German government's new security package enabling mass biometric surveillance & suspicionless searches.

But the proposed law also drastically expands the surveillance of bank accounts.

According to the proposed law, banks are to be alleviated of the suspension of accounts under investigation for AML/CTF violations, enabling the prolonged and undetected surveillance of bank accounts via the German federal police.

In 2023, the German FIU received 337,000 suspicious transaction reports, of which roughly 63,000 had little or nothing to do with AML/CTF violations.

Under the proposed law, close to 20% of accounts under investigation for AML/CTF violations would be subject to increased and unjust spying on their financial activities through police.

Full Story:
https://www.therage.co/german-government-plans-expansion-of-bank-account-surveillance/