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No questions asked: money laundering thrives in Australia because of professionals willing to facilitate it
Lawyers, accountants and real estate agents can face little scrutiny and there is as yet no action from government to increase regulation
Raids earlier this month by the Australian federal police provided a rare window into the shady world of international money laundering.
- Anne Davies
- The Guardian
Australia is far from a model global citizen when it comes to cracking down on money laundering – and property has become a favoured vehicle for organised crime to hide and transfer dirty money.
The AFP arrested nine people, including the alleged head of the money-laundering organisation, Stephen Xin, at his Vaucluse home.
They have now…