Australian Anti-Money Laundering Rules to Target Advisory Roles
- New reforms to target accountants, real estate agents, lawyers
- Moves seek to bring Australia in line with global standards
This article is for subscribers only.
Lawyers, accountants, real estate agents and other advisers will be the focus of reforms to Australia’s anti-money laundering and counterterrorism financing laws.
So called “tranche-two” entities aligned to criminal syndicates — professional services that abet illegal enterprise — have been left unpoliced for too long, attorney general Mark Dreyfus said in a speech in Canberra on Tuesday.