Get all your news in one place.
100's of premium titles.
One app.
Start reading
AAP
AAP
National
Duncan Murray

Money laundering rife in financial, property markets

AUSTRAC says the use of real estate is a well-established method of international money laundering. (Joel Carrett/AAP PHOTOS) (AAP)

Four national law enforcement agencies will make up a new joint task force to crack down on wide-scale money laundering across Australia's financial and property markets.

Police believe billions of dollars are laundered in Australia every year - used to bankroll lavish lifestyles and fund further criminal activity.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.