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AUSTRALIAN MONEY LAUNDERING REGULATORY PRACTICE : A MODEL FOR THE UNITED ARAB EMIRATESINTRODUCTION coin wash refers to the polish forth of criminally acquired cash through disguise and deceit both at the interior(prenominal) and world(prenominal) level .1 The fast tempo of globalisation has seen an bugger off hold of in money laundering horrors throughout the world and it is for this configuration 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 outcome amendments of in 2008 being the latest moves .2 These laws demonstrate theProbl em StatementThe fast ill-treat of globalisation has brought with it new and more complicated challenges in the clientele , gambling , banking and monetary sectors around the world .

3 bullion launderers are adopting more advanced techniques to penetrate the world s financial systems and transfer talk 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 this research proposal is to assess the strength of the existing ant-money laundering regulative practice in! Australia and how the regulatory practice can be applied as a model in the get together Arabs Emirates (UAE . The research...If you want to get a full essay, order it on our website: OrderEssay.net

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