After 17 years, umpteen false dawns, and pressure from international authorities, an Australia government is finally poised to introduce money-laundering legislation to cover lawyers, accountants and property types. What’s the scam?

The scam is it’s scarcely believable but the proposed amendment looks clean and Labor does control the House so you would think AML-CTF Tranche II would pass the Senate with minor party support. The upshot? Lawyers, accountants and property developers would be forced to curtail their money laundering activities.

AML-CTF Tranche II

Australia standing proud — and increasingly alone — as property haven for international criminals 

This post was originally published on Michael West.