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NEWS: AUSTRAC report finds big gaps in Australia’s AML approach – here are the most important points

REPORT: AUSTRAC CEO Brendan Thomas and Australia's Attorney General Markus Dreyfus at the National Press Club of Australia to release the agency's two AML/CFT national risk assessments today (Tuesday). PHOTO: AUSTRAC

By AML Intelligence Correspondents AUSTRALIA’s FIU (Financial Intelligence Unit) has found a host of problems with the country’s approach to policing money laundering, with criminals “exploiting” its economic systems to launder billions of dollars in illicit finance. The report from AUSTRAC (Australian Transaction Reports and Analysis Centre) was published yesterday alongside a report from the…

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