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Real estate agents, lawyers and accountants to avoid money laundering laws

Patrick Durkin
Patrick DurkinBOSS Deputy editor
Updated

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Real estate agents, lawyers and accountants have won a reprieve from tough new anti-money laundering measures with the federal government delaying a planned crackdown on the professions.

The government had aimed to pass laws to cover these sectors before the end of this year, following a highly critical report from the international Financial Action Task Force (FATF) which warned three years ago that Australia's real estate sector was at significant risk for money laundering.

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Patrick Durkin is Melbourne bureau chief and BOSS deputy editor. He writes on news, business and leadership. Connect with Patrick on Twitter. Email Patrick at pdurkin@afr.com

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    Original URL: https://www.afr.com/companies/financial-services/real-estate-agents-lawyers-and-accountants-to-avoid-money-laundering-laws-20181008-h16dcd