{"id":8710,"date":"2017-07-13T16:22:49","date_gmt":"2017-07-13T04:22:49","guid":{"rendered":"http:\/\/propertynoise.co.nz\/au\/?p=8710"},"modified":"2017-07-13T16:22:49","modified_gmt":"2017-07-13T04:22:49","slug":"australia-place-choice-money-laundering-due-lack-regulation-anz","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/australia-place-choice-money-laundering-due-lack-regulation-anz\/","title":{"rendered":"Australia a &#8216;place of choice&#8217; for money laundering due to lack of regulation: ANZ"},"content":{"rendered":"<p class=\"first\">ANZ Bank says a lack of political will has seen successive Australian governments fail to extend money laundering laws to cover lawyers, real estate agents and accountants.<\/p>\n<div class=\"inline-content wysiwyg right\">\n<div class=\"inner\">\n<ul>\n<li>Australia&#8217;s anti-money laundering law does not cover real estate agents, lawyers and accountants<\/li>\n<li>The lack of regulation makes Australia an attractive target for money launderers, says ANZ<\/li>\n<li>Real estate and law bodies have raised concerns over cost of new legislation<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p>Australia&#8217;s hot property market is an attractive haven for criminals, with estimates that billions of dollars of dirty money is being laundered through residential property.<\/p>\n<p>READ MORE VIA <a href=\"http:\/\/www.abc.net.au\/news\/2017-07-13\/should-australias-anti-money-laundering-laws-be-extended\/8703354\">ABC<\/a><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-medium wp-image-8711\" src=\"http:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2015\/12\/Dudley-House-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\" srcset=\"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2015\/12\/Dudley-House-300x200.jpg 300w, https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2015\/12\/Dudley-House-768x512.jpg 768w, https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2015\/12\/Dudley-House.jpg 940w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p>\n<p>Dudley House (pictured) was bought at a significantly inflated value by Malaysian officials.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ANZ Bank says a lack of political will has seen<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/australia-place-choice-money-laundering-due-lack-regulation-anz\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[],"class_list":["entry","author-data123nz","post-8710","post","type-post","status-publish","format-standard","category-australian-property-real-estate-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Australia a &#039;place of choice&#039; 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