NEW GOVERNMENT IN AUSTRALIA – BUT WILL ROBUST AML/CFT REFORM FOLLOW?
August 30th, 2022
Australia’s commitment to strengthen its anti-money laundering legislation is now an eight-year-old promise that has yet to be fulfilled. However, with a change in government in May 2022, with the Labor Party taking power after nine years of government by the right-centre Liberal-National Coalition, there is renewed hope that reform could finally be delivered.
In 2014, the Australian government made a commitment to the Financial Action Task Force (FATF) to include lawyers, accountants and real estate agents under the umbrella of its AML-CFT laws – codified ...
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