AUSTRALIA: New financial measures on money laundering
Updated
Australia is introducing comprehensive new rules on money laundering and the financing of terrorists. The rules require companies to stringently monitor their staff and clients, and provide tough penalties for non-compliance.While initially covering the usual financial services and gambling sectors, a second phase will draw accountants, real-estate agents and even jewellers into the reporting net.
Presenter: Karon Snowdon
Speakers: Neil Jensen, Chief Executive of Australia's anti-money laundering regulator, AUSTRAC
