Australia: Working Within the Law — The Attitudes of Reporting Officers to the Financial Transaction Reports Act 1988
Article publication date: 1 April 2000
The laundering of money appears to have reached almost epidemic proportions, due primarily to the increase in profit from the sale of illegal drugs; the growth of organised crime, particularly in Russia; the sale of oil outside of OPEC quotas; and the siphoning off of aid funds. The bulk of these funds are washed through the global financial system before arriving at their final destination … a high‐street bank.
Johnson, J. (2000), "Australia: Working Within the Law — The Attitudes of Reporting Officers to the Financial Transaction Reports Act 1988", Journal of Financial Crime, Vol. 8 No. 2, pp. 162-170. https://doi.org/10.1108/eb025980
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