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AUSTRALIAN MONEY LAUNDERING REGULATORY PRACTICE : A MODEL FOR THE UNITED ARAB EMIRATESINTRODUCTION coin make clean refers to the polish finish off of criminally acquired cash through disguise and deceit some(prenominal) at the interior(prenominal) and world(prenominal) level .1 The fast tempo of globalisation has seen an seize in money laundering offensives throughout the world and it is for this position 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 - property Laundering and Counter - Terrorism Financing Act of 2006 ( /CTF 2006 ) and the ending amendments of in 2008 being the latest moves .2 These laws demonstr ate theProblem StatementThe fast railway yard of globalisation has brought with it new and more complicated challenges in the despite , gambling , banking and pecuniary sectors around the world .

3 money launderers are adopting more advanced techniques to penetrate the world s financial systems and transfer counter from criminal activities such as proceeds from sales event of drugs piracy , and smuggling through clothed 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 Resear chThe main purpose of this research proposa! l is to assess the strong point of the existing ant-money laundering restrictive practice in Australia and how the regulatory practice can be applied as a model in the yield 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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