Weak money laundering laws put Australia at risk of becoming a haven for Russian cash
Australia faces embarrassment of being placed on “grey list” of countries that don’t meet international anti-money laundering standards, experts say
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Australia’s lax money laundering laws mean the nation is at risk of becoming a haven for Russian cash belonging to oligarchs who are seeking to avoid sanctions over the war in Ukraine, experts say.
The country is one of only three – along with Haiti and Madagascar – yet to commit to bringing lawyers, accountants and real estate agents under the umbrella of anti-money laundering and counter-terrorism finance laws (AML-CTF).
Law (Australia) | The Guardian
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