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As Morrison slams Westpac, anti-money laundering laws lag behind

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The Morrison government's failure to tighten anti-money laundering laws has allowed billions of dollars each year handled by lawyers, accountants and real estate agents to potentially fund terrorism, drug trafficking and child exploitation.

Prime Minister Scott Morrision and his senior ministers have spent the week excoriating Westpac for its breaches of anti-money laundering laws, criticism labelled hypocritical as the government drags its feet on implementing tougher rules.

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Edmund Tadros leads our coverage of the professional services sector. He is based in our Sydney newsroom. Connect with Edmund on Twitter. Email Edmund at edmundtadros@afr.com.au
Angus Grigg is an investigative reporter based in Sydney. He has worked as a foreign correpondent in China and Indonesia, and has won two Walkley Awards. Connect with Angus on Twitter. Email Angus at agrigg@afr.com
Paul Smith edits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, business use of tech, the fast-growing Australian tech industry and start-ups, telecommunications and national innovation policy. Connect with Paul on Twitter. Email Paul at psmith@afr.com

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    Original URL: https://www.afr.com/politics/as-morrison-slams-westpac-anti-money-laundering-laws-lag-behind-20191129-p53fff