The symbiotic relationship between organised crime and money laundering in Australian real estate

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In 1988, I was a trainee detective with the Australian Federal Police working in Sydney, when Australia passed the Cash Transaction Reports Act 1988 (later renamed the Financial Transaction Reports Act). This was the beginning of the introduction of Australia’s Anti-Money Laundering & Counter Terrorism Financing Laws (AML/CTF). Australia was an early adopter and a global leader in combating money laundering.

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