E137: What happens when 90,000 businesses become AML regulated?
It’s time to turn our world upside down and turn our attention to what's happening in Australia!
The Australian government passed new AML and CFT rules that will drastically increase the number of businesses regulated by AUSTRAC—the country’s financial intelligence agency.
Lawyers, accountants, and real estate agents, as well as those in precious metals and virtual assets, are now all obliged to report and comply with these new rules.
So will this drastically impact the flow of dark money in the Aussie economy – or just create a paperwork headache?
Our expert host, Marit Rødevand, is joined…
The skinny
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