AUSTRAC balks at property money laundering reform

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By Leith van Onselen

We reported last month how the Turnbull Government had seemingly shelved indefinitely legislation to implement the second tranche of anti-money laundering (AML) legislation covering real estate gate keepers.

Yesterday, Nicole Rose, chief executive of the Australian Transactions Reports & Analysis Centre (AUSTRAC), gave an interview to ABC’s AM Program, whereby she too placed reform of the AML second tranche well and truly on the back burner:

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.