DIRTY MONEY IN AUSSIE REAL ESTATE … CLEAR AND PRESENT DANGER!
Shadow treasurer Chris Bowen is promising to make cross-border financial crime a pillar of Labor’s election campaign in wake of the Hayne royal commission …
A 12 YEAR DELAY FOR REFORMS!
“Malaysia, Singapore Hong Kong and New Zealand have all taken action. This makes Australia a highly attractive destination for the proceeds of crime,” financial crime analyst at Thomson Reuters, Nathan Lynch said. “Most Aussies, especially FIRST HOME BUYERS, would be furious to learn that they’re competing for houses with people who are trying to wash the proceeds of illicit drug sales, fraud or corruption.”
WHY did the LNP fail to act? Such reluctance … is it the company they keep?
It’s on the Public Record that in our midst through the PROXY, Alliances and Syndicates … people without genuine financial circumstance are owners of multiple properties …
WHY is this so?
HOW can this happen?
VIEW CAAN WEBSITE for categories or search:
-Anti Money Laundering Legislation Shelved
-Black Money: Money Laundering in Australian Real Estate
-Proxy Buyers, Agents and Trustees … Family & Friends
WHY is it with the purchase of real estate there should be some difference compared to buying or selling a vehicle, why is it different?
Why is it difficult to apply laws to the purchase of real estate?
Why is that compromising a lawyer? Why should real estate be any different to any other matter?
If there are laws governing real estate so be it. It should not make any difference to a lawyer. If lawyers have a matter before them that involves a crime they have two choices:
-do it for their client knowing their risk
-not do it