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Accountants, estate agents may have to report dirty cash suspicions

Tom McIlroy
Tom McIlroyPolitical correspondent

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Accountants, lawyers and real estate agents look set to be required by law to report suspicious transactions to authorities, as part of an upgrade to anti-money laundering protections.

Alongside countries including China, Haiti, Madagascar and the United States, Australia is one of a handful of developed countries without tough rules against the use of dirty cash in property transactions and trusts, after moves to introduce so-called “Tranche 2” reforms stalled under the Coalition.

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    Original URL: https://www.afr.com/politics/federal/money-laundering-rules-could-be-expanded-to-property-tax-and-law-20230420-p5d1zf