
Property is the best way to launder money in Australia
Meanwhile, Australia’s greatest money-laundering bonanza, property, continues to wash money for criminals and terrorists everywhere.
In 2015, the global regulator of money laundering – the Paris-based Financial Action Taskforce (FATF) – released its mutual evaluation report which found Australian homes are a haven for laundered funds, particularly from China.
Just consider “Highrise” Harry Triguboff’s comments in July in The AFR regarding Chinese buyers:
“The problem with Australians is they are very slow. They ask their lawyer, they ask their financial adviser, they ask their family, they ask everybody. The Chinese don’t ask anybody, they come off the plane, buy their unit and go.”