Australia: Working Within the Law — The Attitudes of Reporting Officers to the Financial Transaction Reports Act 1988

Abstract

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.

Citation

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