I wondered that also in this earlier post.
Banking Probes may violate privacy
Privacy Commissioner Jennifer Stoddart is saying Fintrac may violate anyone's privacy, anyone at all. Based on little more then an individuals ethnic background.
“This is not an insignificant issue,” Ms. Stoddart said in her report. Canadian law requires banks, insurance firms and securities dealers, among others, to “scrutinize and report vast amounts of personal information.”
Without proper controls to screen information, the agency keeps information beyond its authority from over-zealous institutions “on the basis of unsubstantiated suspicion,” Ms. Stoddart said in the report.
An audit of Fintrac “found problems related to reports made on the basis of unsubstantiated suspicion,” Ms. Stoddart said in the report. “We recommend that Fintrac work with reporting entities to ensure the Centre does not acquire information that it has no legislative authority to receive and that it does not need or use.”
A question, is the real problem one of entirely too much personal information available, to just about anyone?
Making it all that much easier for Fintrac and other government agencies to be overzealous?