Anti-Financial Crime & Financial Crime Compliance
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AML, Australia, CFT, Financial Crime

Austrac Chief warns more money laundering prosecutions are needed to bulk up Australian AFC efforts

By Alisha Houlihan for AMLi

The head of Australia’s financial intelligence agency, Austrac, has warned that more money laundering prosecutions are needed to ensure the country doesn’t fall foul of international watchdogs.

Nicole Rose admitted that convincing Australian board members and chief executives to take money laundering seriously had been a “hard journey” but stressed that legal action taken by the regulator had helped improve matters.

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