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Money laundering in and through Australia, 2004
- Trends and issues in crime and criminal justice, no. 342
- ISBN 978 1 921185 50 2 ; ISSN 0817-8542
- Canberra: Australian Institute of Criminology, August 2007
- Criminology Research Council grant no. 33/03-04
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Abstract
Worldwide concerns over the extent of money laundering, coupled with evidence that major terrorist activities have been facilitated by money laundering techniques, have significantly increased the level of knowledge and interest in the subject. Understanding money laundering demands analysis of the size of the problem and its impacts on society. This paper reports on recent research conducted in 2004 by John Walker Crimes Trends Analysis, RMIT University, and AUSTRAC which updates a 1995 report that estimates the cost of money laundering, and identifies risk areas for money laundering in and through Australia. Based on questionnaires and empirical data, the 2004 study found that the extent of money laundering in Australia was not significantly different from that in 1995. It suggests that Australia's relatively robust financial sector, the investment made in law enforcement and financial intelligence, and the nature of Australia's borders and stability have contributed to a lower than global average extent of laundering.
This paper is taken from the report of research undertaken with the assistance of a grant from the Criminology Research Council.
Related links
- Full report: The extent of money laundering in and through Australia in 2004
- Media release: How much money is laundered in and through Australia?
- Fact sheet: Money laundering in and through Australia
- Topic: Money laundering
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