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The Dutch Data Protection Authority (AP) is very concerned about the monster that has been created at banks on the basis of anti-money laundering regulations, AP director Katja Mur told De Telegraaf last week. The intensive monitoring by many thousands of bank employees of all financial movements that unsuspecting account holders make is disproportionate, according to the privacy watchdog. Due to mass surveillance, the privacy of account holders is at risk, while on the other hand, very few criminals seem to run into the light.
