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Greens push to extend anti-money laundering laws

John Kehoe

The Morrison government is under political pressure for backing down on plans to impose tougher anti-money laundering laws, following its outspoken criticism of Westpac's alleged 23 million money-laundering breaches.

Lawyers, accountants and real estate agents have repeatedly succeeded in lobbying federal governments to indefinitely delay the "Tranche 2" anti-money laundering laws that were to be extended to their industries.

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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com

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    Original URL: https://www.afr.com/policy/economy/lawyers-accountants-and-property-agents-in-money-laundering-gun-20191202-p53fxm