Australia: Attitudes to Extending the Scope of Anti‐Money Laundering Legislation

Abstract

As anti‐money laundering legislation is refined, expanded and adopted more readily by an increasing number of countries, criminal elements are finding the need to seek the assistance of intermediaries, other than those currently captured by this legislation, to launder the proceeds of their illegal activities. The sophisticated launderer has both the time and money to explore new opportunities for laundering funds and the necessary means to purchase the experts to organise, arrange or coordinate any scheme necessary to bypass a country's anti‐money laundering legislation.

Citation

Johnson, J. (2001), "Australia: Attitudes to Extending the Scope of Anti‐Money Laundering Legislation", Journal of Money Laundering Control, Vol. 5 No. 1, pp. 16-24. https://doi.org/10.1108/eb027290