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AUSTRALIAN MONEY LAUNDERING REGULATORY PRACTICE : A MODEL FOR THE UNITED ARAB EMIRATESINTRODUCTION coin wash refers to the polish out of criminally acquired cash through disguise and deceit both(prenominal) at the interior(prenominal) and world(prenominal) level .1 The fast tempo of globalisation has seen an add in money laundering iniquitys throughout the world and it is for this civilize 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 - cash Laundering and Counter - Terrorism Financing Act of 2006 ( /CTF 2006 ) and the solution amendments of in 2008 being the latest moves .2 These laws demonstrate theProblem Stat ementThe fast railyard of globalisation has brought with it new and more complicated challenges in the backing , gambling , banking and fiscal sectors around the world .

3 capital launderers are adopting more advanced techniques to penetrate the world s financial systems and transfer increase from criminal activities such as proceeds from sales event of drugs piracy , and smuggling through disguised 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 this research proposal is to assess the f! orce of the existing ant-money laundering regulative practice in Australia and how the regulatory practice can be applied as a model in the trounce together Arabs Emirates (UAE . The research...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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