PHOTO: Money Laundering Through Real Estate – YouTube
For years, MB has called on the federal government to implement the second tranche of anti-money laundering (AML) legislation covering real estate gate keepers, which was promised more than a decade ago and has undergone stakeholder consultations in 2008, 2010, 2012, 2014, and 2017, but has been shelved each time.
MB’s incessant lobbying follows a veritable conga-line of reputable international organisations urging Australia to meet its global commitments to implement AML for real estate gatekeepers, as well as frequent reports suggesting that money laundering through Australian property is rife.
READ MORE VIA MACROBUSINESS.COM.AU