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Experts urge Australia to strengthen anti-money laundering regulations

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Experts are urging Australia to strengthen its anti-money laundering regulations, after two significant police arrests this week. Victoria Police today announcing it has seized 40 million dollars of assets, and charged dozens of people, alleging they were operating a money laundering syndicate in Melbourne. It follows the Australian Federal Police's arrest of nine people in Sydney this week, alleged to have made 150 million dollars in profit, by laundering money originating from China.
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