AUSTRAC muzzled in Peter Dutton’s ministry as Australia defies global money-laundering authorities – Michael West

Austrac, AML-CTF, money laundering, FATF
LNP = “If something works FIX IT”

AUSTRAC has held Australia’s largest companies to account while other regulators with vastly more resources cowered and eyed the “revolving door” of private sector jobs. In the past three years, AUSTRAC has delivered taxpayers more than $2 billion in penalties for anti-money laundering breaches. One would expect the regulator to be riding a wave of political support. Not so, writes Nathan Lynch. The power of the lawyers’, accountants’ and real estate lobbies continue to have it hobbled.

AUSTRAC muzzled in Peter Dutton’s ministry as Australia defies global money-laundering authorities – Michael West