Exclusive

International body suspends anti-money laundering law evaluations

The real estate sector has continually been identified as a weak spot in Australia's anti-money laundering regime, with financial intelligence agency AUSTRAC estimating $1 billion in suspicious transactions from China in 2016.

Edmund Tadros, Angus Grigg and Neil Chenoweth

Nov 19, 2019 – 12.05am

Email LinkedIn Twitter Facebook

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

A global anti-money laundering taskforce has suspended evaluations of financial crime laws mid-way through an examination of Australia's progress in the area.

The Financial Action Taskforce (FATF), which sits under the G7 major world economies, was due to release its latest Australian report in the coming months, but that process has now been suspended.

Edmund Tadros leads our coverage of the professional services sector. He is based in our Sydney newsroom.

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.

Neil Chenoweth was a senior writer for The Australian Financial Review