Australian money laundering faces stiffer challenge as regulator set to flex enforcement powers
( June 6, 2019, 10:10 GMT | Official Statement) -- MLex Summary: Australia's anti-money laundering regulator will be "increasingly using its range of enforcement powers" to keep in line with the government and public's expectations, according to a press statement following a speech by a senior agency official. Speaking at a conference in Sydney this week, Peter Soros also explained how a recent flurry of enforcement actions had led to a 70 percent increase in the reporting of suspicious financial transactions.The full e-mailed statement from Austrac follows:...
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