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Australia sets up specialist cyber unit to trace terrorism payments

Australia has set up a cyber-intelligence unit to identify terrorism financing, money laundering and financial fraud online, the government said on Tuesday, because of "unprecedented" threats to national security.

The measure expands on a major platform of conservative Prime Minister Malcolm Turnbull, who narrowly won re-election last month after promising to improve Australia's cybersecurity and transform the economy into a tech-savvy business hub.

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