AUSTRALIAN MONEY LAUNDERING REGULATORY PRACTICE : A MODEL FOR THE UNITED ARAB EMIRATESINTRODUCTION coin launder refers to the polish mutilate of criminally acquired cash through disguise and deceit twain at the interior(prenominal) and world(prenominal) level .1 The fast tempo of globalisation has seen an set apart in money laundering villainys throughout the world and it is for this trail that different countries ar enhancing their anti-money laundering regulative frameworks so as to reduce and where possible eliminate the prevalence of the vice . Australia has been at the forefront in developing anti-money laundering laws , with the Anti - notes Laundering and Counter - Terrorism Financing Act of 2006 ( /CTF 2006 ) and the ending amendments of in 2008 being the latest moves .2 These laws demonstrate theProblem Stat ementThe fast grand of globalisation has brought with it new and more complicated challenges in the contempt , gambling , banking and pecuniary sectors around the world .
3 bullion launderers are adopting more advanced techniques to penetrate the world s financial systems and transfer harvest-festival from criminal activities such as proceeds from sales event of drugs piracy , and smuggling through cloaked conduits . Therefore , in that location is need for enhanced anti-money laundering laws across the entire spectrum of the international system to curb the crime effectivelyPurpose of the ResearchThe main purpose of t his research proposal is to assess the dom! inance of the existing ant-money laundering regulatory practice in Australia and how the regulatory practice can be applied as a model in the set together Arabs Emirates (UAE . The research...If you want to get a full essay, order it on our website:
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