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AUSTRALIAN MONEY LAUNDERING REGULATORY PRACTICE : A MODEL FOR THE UNITED ARAB EMIRATESINTRODUCTION coin launder refers to the polish mop up 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 hold fast in money laundering offences throughout the world and it is for this frame 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 - bills Laundering and Counter - Terrorism Financing Act of 2006 ( /CTF 2006 ) and the terminus amendments of in 2008 being the latest moves .2 These laws demonstrate thePro blem StatementThe fast gait of globalisation has brought with it new and more complicated challenges in the disdain , gambling , banking and monetary sectors around the world .

3 capital launderers are adopting more advanced techniques to penetrate the world s financial systems and transfer return 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 ResearchThe main purpose of this research proposal is to assess the! metier of the existing ant-money laundering regulatory practice in Australia and how the regulatory practice can be applied as a model in the take down 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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