Australia now requires lawyers, accountants and real estate agents to report suspicious customers, at huge cost – but will this help fight crime?
Articles on terrorism financing
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Buyers will face more scrutiny as anti-money laundering rules expand to cover real estate agents, lawyers and conveyancers.
AUSTRAC’s report makes clear that Australia has both highly profitable criminal activity and a wide range of sectors vulnerable to money-laundering abuse. That is a recipe for criminal exploitation.
Kenya must complete a national terrorist financing risk assessment and share it publicly.
For 16 years, the government has failed to reform our anti-money laundering and counter-terrorism financing laws to include professionals like real estate agents and lawyers.
In being grey listed South Africa joins a list of countries with poor governance. Others are war zones or countries with jihadist terror groupings operating on their land.
Tensions between the US and South Africa – this time over the terror alert – are nothing new. Their relations have always had highs and lows since South Africa became a democracy in 1994.
South Africa has long been seen as deficient in dealing with terrorism financing.
Top contributors
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Senior Lecturer in Financial Crime Studies, Charles Sturt University
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Professor of Law, La Trobe University
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Associate Professor of Law, Australian National University
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Senior Professor and Academic Head of Department: Political Studies and Governance, University of the Free State
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Dean: Faculty of Economic and Management Sciences, and Professor of Economics, University of the Free State
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Lecturer in Fraud and Financial Crime Studies, Charles Sturt University
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Practice Professor, Faculty of Law, Bond University
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Associate professor, University of South Africa