Aml

AUSTRALIAN MONEY LAUNDERING REGULATORY PRACTICE : A MODEL FOR THE UNITED ARAB EMIRATESINTRODUCTION coin wash refers to the polish take of criminally acquired cash through disguise and deceit two at the interior(prenominal) and world(prenominal) level .1 The fast tempo of globalisation has seen an impound in money laundering evils throughout the world and it is for this condition 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 - currency 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 theProblem StatementThe fast pacing of globalisation has brought with it new and more complicated challenges in the scorn , gambling , banking and fiscal sectors around the world .

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

If you want to get a full essay, visit our page: write my paper