The Dutch data protection authority, Autoriteit Persoonsgegevens, said a draft bill on money laundering would “open the door to unprecedented mass surveillance.” Under the proposal, all bank transactions of Dutch account holders would be monitored by algorithms in one centralized database. “This represents a far-reaching breach of the protection and confidentiality of customer data. The proposed system essentially amounts to a banking dragnet,” the AP said. “The risks associated with this system are disproportionate to the purpose of the bill.”