Laws blocking dirty cash from Australian property a step closer
Laws blocking dirty cash from Australian property are a step closer after the Federal government unveiled measures that will make professions such as accountants, lawyers, conveyancers and real estate agents more accountable. Reforms to anti-money laundering and counter-terrorism financing laws were introduced to federal parliament on Wednesday in a bid to crack down on offenders. Under the changes, businesses recognised as high risk for money laundering and terror financing will face more regulations to make it harder for criminals to use businesses as a front. Industries identified