Experts urge Australia to strengthen anti-money laundering regulations
Published
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.
Sign up now for daily news from Australia and around the world. You can also subscribe to Insight's weekly newsletter for in-depth features and first-person stories.