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Money Laundering in Australia - Defences, Weaknesses and Anti-Money Laundering Initiatives

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Added on  2022-11-22

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This presentation provides an overview of money laundering in Australia, including the process of money laundering, defences to prevent it, weaknesses of the Australian government, and anti-money laundering initiatives. It also highlights the penalties for money laundering offences in Australia.

Money Laundering in Australia - Defences, Weaknesses and Anti-Money Laundering Initiatives

   Added on 2022-11-22

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MONEY LAUNDERING IN AUSTRALIA
Money Laundering in Australia - Defences, Weaknesses and Anti-Money Laundering Initiatives_1
INTRODUCTION
Money Laundering is the process by
which the money which has been
acquired through any kind of illegal
activity is laundered into being clean
which can be used effectively (Hopton
2016).
Money Laundering in Australia - Defences, Weaknesses and Anti-Money Laundering Initiatives_2
Money laundering consists of Drug
Trafficking
It also consists of any kind of Extortion
It includes Corruption
It is also a kind of Fraudulent act
Money Laundering in Australia - Defences, Weaknesses and Anti-Money Laundering Initiatives_3
If there is an absence of legislation
In order to evade Taxation
To make the black money turn into
clean money
Money Laundering in Australia - Defences, Weaknesses and Anti-Money Laundering Initiatives_4

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