Aussie property “prime target for money laundering”

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By Leith van Onselen

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 by the government more than a decade ago.

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.

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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.