The Money Launderers' Losing Game: How Tightening Anti Money Laundering Provisions Are Changing the Real Estate Landscape The tightening of anti money laundering provisions in Australia has sent shockwaves through the real estate market, and for good reason.
Organized crime syndicates have long used properties to launder their ill gotten gains at often astronomical prices.
But with new regulations in place, these money launderers face a harsh reality: their free ride on rising property prices is coming to an end. The case of a Sydney penthouse that changed hands for $9.