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DNFBPs are causing ‘inherent vulnerabilities’ in Australia’s AML defences, Federal Police warn

Image: Courtesy Australian Federal Police

By Dan Byrne for AMLi

Australia’s Federal Police have expressed serious concern over the money laundering threats posed by designated non-financial businesses and professions (DNFPBs).

In a submission to a Senate inquiry into the nation’s AML/CFT laws, the AFP warned that the varied sector was potentially a “lucrative” avenue through which dirty money could be moved with little government detection.

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