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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Australia
2 mins to read

Aussie money laundering changes target property sector

The amendments also include other professional services providers and extend coverage to around 90,000 entities.

Australia has been a global laggard in updating its anti money laundering regime.

Australia is cracking down on money laundering in the property sector and other professional services as part of legislative amendments moved in the Federal Parliament.

The changes extend Australia’s Anti-Money Laundering and Counter-Terrorism Financing regime to cover “higher risk” services

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Lachlan Colquhoun Thu, 19 Sep 2024
Contact the Writer: lachlan@nbr.co.nz
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Aussie money laundering changes target property sector
Australia,
105904
true